Honda-Nissan merger talks allegedly over

Nissan’s board is in favour of abandoning merger talks with Honda, although calling them off has yet to be decided by executives at the two Japanese carmakers, a source close to the matter told AFP on Thursday.

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“The latest conditions put on the table by Honda are unacceptable for Nissan… It needs to be formalised, but basically, it’s over,” the source said.

In December, the Japanese auto giants Honda and Nissan agreed to launch talks on a merger seen as a bid to catch up with Chinese rivals and Tesla on electric vehicles.

More details to follow

AFP

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