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,

Nissan’s board is planning to reject Honda’s terms for a combination of the two automakers, putting in danger a merger plan announced less than two months ago, people familiar with the matter said Wednesday.

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

Shares of Nissan Motor Co. and Honda Motor Co. rose overnight following reports that the automakers’ proposed merger may be scrapped.

TOKYO (Reuters) -Japanese automakers Honda and Nissan may call off merger talks, the Asahi Shimbun newspaper reported on Wednesday, citing multiple sources, a move that would raise questions about the next steps for hard-hit Nissan.

Nissan plans to reject Honda’s terms for a combination of the two automakers, endangering a plan announced less than two months ago. Shares in Nissan fell nearly 5% in Tokyo, while Honda sto

According to the report, executives at Honda were frustrated by Nissan's slow progress, including in its restructuring plan, which calls for 9,000 job cuts and a 20% reduction in production, and proposed taking more control of Nissan. Such a proposal deviates from the initial one, in which Nissan would retain its decision-making powers.

Makoto Uchida, Director, Representative Executive Officer, President and CEO of Nissan Motor Corporation and Toshihiro Mibe, Director, President and Representative Executive Officer of Honda, hold a joint press conference on their merger talks, in Tokyo, Japan, December 23, 2024. REUTERS/Kim Kyung-Hoon/File Photo

The proposed merger between Nissan and Honda to make it the world's third largest carmaker appears to have stalled with reports claiming Honda proposed

Nissan shares plunged on Wednesday as reports said the struggling Japanese carmaker was walking away from merger talks with rival Honda.