TOKYO -- Honda Motor and Nissan Motor announced on Thursday that they have agreed to terminate talks over integrating their businesses after the Japanese automakers failed to agree on conditions for a merger.
Business deals
Honda, Nissan abandon merger plan after failing to agree on preconditions
Initial merger plan too complex in a challenging environment, says Honda CEO
Nissan had entered negotiations with Honda assuming integration would be an equal partnership, but Honda feels they had not delivered a satisfactory business plan to make such an agreement possible. (Nikkei montage/Source photos by AP, Reuters, and Mizuho Miyazaki)
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