Nissan seems set to step again from merger talks with rival Honda, two sources mentioned on Wednesday, calling into query a $60 billion tie-up to create the world’s No.3 automaker and probably leaving Nissan to drive its turnaround alone.
Talks between the 2 Japanese automakers have been sophisticated by rising variations, in response to a number of individuals aware of the matter, all of whom declined to be named as a result of they weren’t licensed to talk to the media.
Reuters reported earlier that Nissan may name off talks after Honda sounded it out about turning into a subsidiary. Nissan baulked as this was a departure from what was initially framed as a merger of equals, one of many individuals mentioned.