The Japanese companies’ decision to call off negotiations highlights the challenges legacy automakers face in partnering to tackle new technologies.

Japanese automotive manufacturers Honda and Nissan have called off discussions that would have seen them merge their business in a bid to take on the growing EV competition from China. Click for details.

Honda and Nissan on Thursday announced the scrapping of merger talks that would have created the world's third-biggest auto company by unit sales behind Toyota and Volkswagen. - When the merger talks were announced in December the plan was that the two automakers along with Mitsubishi Motors would integrate their businesses under a new holding company.

Reportedly disrespected by Honda's proposal to make it a subsidiary, Nissan is still looking for a partner. Its future may depend on finding one.

Japanese automaker Nissan (NSANY) finds itself at a crossroads. Nissan was poised to participate in a megamerger with rival Honda (HMC), and it was a huge development when the talks were revealed late last year.

Honda Motor and Nissan have called off their $50 billion merger talks, a move that would have resulted in one of the world's largest auto conglomerates. Back in December, the two Japanese automotive giants had announced plans to merge their operations. The main objective was to share costs and develop next-generation vehicles together.

TOKYO: Honda Motor Co. and Nissan Motor Co. officially decided Thursday (Feb 13) to withdraw from their merger talks.

Japanese automakers Honda, Nissan and Mitsubishi said Thursday they are dropping their talks for a business integration. The automakers agreed to end their agreement regarding the consideration of the structure for a collaboration of the trio,