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Nissan set to scrap merger talks with Honda: source
Nissan Motor Co. is set to end merger talks with Honda Motor Co., rejecting Honda's recent proposal to make it a subsidiary, according to a source familiar with the matter.
The two carmakers said in December that they had agreed to begin talks on merging under a holding company in 2026 while maintaining their respective brands. Nissan recently came up with offering early retirement programs to employees at its three U.S. plants and reducing its workforce in Thailand as part of the reform plans. Against such a background, the two automakers said Friday they would postpone the announcement of their merger details to mid-February from the end of January.
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