Nissan is set to call off talks with rival Honda over a merger that would have brought together two of Japan’s biggest manufacturers, according to reports.
The two firms signed a memorandum of understanding to investigate merging their operations last December, with the intention to agree a final deal by June 2025. Under the agreement, the two brands would have remained separate but adopted shared platforms and powertrains, and merged many of their production operations. It would have created one of the world's largest car firms.
