Nissan is still holding “various discussions” with Honda, the carmaker said Wednesday in response to media reports that it is set to scrap merger talks with its larger rival. The two Japanese companies announced in December that they would conduct negotiations over the following six months on a possible merger,

Japan's Nissan may call off its merger talks with Honda, according to a person familiar with the matter, adding that Nissan's board members were due to meet in the near future to decide a course of action.

There's strife of the horizon as Nissan vehemently opposes Honda's suggestion of making the struggling carmaker its subsidiary.