TOKYO — Japanese auto giants Honda and Nissan confirmed on Thursday they had scrapped merger talks announced in December, ending a tie-up that would have created the world's third-largest automaker.
The firms said in a joint statement that they 'agreed to terminate the MOU (memorandum of understanding) signed on Dec. 23 last year for consideration of a business integration between the two companies.'
NOT HAPPENING This photo taken on Aug. 1, 2024, shows Makoto Uchida (left), president and CEO of Japanese automaker Nissan, and Toshihiro Mibe, director, president and representative executive offifficer of Honda, at a press conference in Tokyo. Nissan and Honda on Feb. 13, 2025, announced they had scrapped merger talks, ending the chance to become the world’s third-largest automaker. AFP PHOTO