$58 billion Honda-Nissan merger is in deep trouble
A proposed $58 billion merger to create the world’s fourth-largest carmaker appears on the verge of collapse after Honda made an unexpected proposal to turn Nissan into a fully owned subsidiary, according to three people familiar with the matter.
Nissan sours on merger with Honda, set to call off plan, sources say
TOKYO — Nissan is set to call off merger talks with rival Honda, a source said Wednesday, abandoning a $60 billion-plus tie-up that would have created the world's No. 3 automaker and raising questions about how it will drive a turnaround by itself.
The pair are discussing various options, including the possibility of withdrawing from deal talks, according to statements.
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