Japan's Honda and Nissan scrap merger talks
Nissan's CEO Makoto Uchida said "given the performance of the company, there is a difficulty to stand alone" and Honda's proposal was "carefully discussed".
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Nissan president and CEO Makoto Uchida (L) and Honda director and president Toshihiro Mibe posing at the end of a press conference in Tokyo on August 1, 2024. (AFP)
NewVision Reporter
@NewVision
TOKYO - Japanese auto giants Honda and Nissan confirmed on Thursday they had scrapped merger talks that would have created the world's third-largest automaker by unit sales.
The bid