Carmakers Nissan and Honda call off merger talks

  • CNN
  • February 13, 2025
Hong Kong

CNN

 — 

Japanese carmakers Nissan and Honda said on Thursday they had agreed to end discussions on merging their businesses.

The two announced in December that they would begin talks over the following six months on a possible merger, in a deal that would have created the world's third-largest automaker and given them more resources to compete with growing competition from Chinese carmakers like BYD.

The deal was motivated by the need to combine their resources in order to remain competitive as the industry transitions to electric vehicles. However, after just a few weeks of talks, negotiations appeared to stall.

This is a developing story and will be updated.