Nissan sours on merger with Honda, set to call off plan, sources say
TOKYO — Nissan is set to call off merger talks with rival Honda, a source said Wednesday, abandoning a $60 billion-plus tie-up that would have created the world's No. 3 automaker and raising questions about how it will drive a turnaround by itself.
A rumored revamp could bring a much-needed tech update, but will it mean a higher price for the nation's most affordable EV?
The struggling Japanese carmaker is withdrawing from talks, the Nikkei business daily and other local media reported.
The pair are discussing various options, including the possibility of withdrawing from deal talks, according to statements.
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