Honda-Nissan merger close to collapse on smoldering mistrust

Offer to make Nissan a subsidiary, not equal merger partner, soured relationship

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Nissan Motor President Makoto Uchida, left, holds a joint press conference with Honda Motor President Toshihiro Mibe on Dec. 23 in Tokyo.

Nikkei staff writers

TOKYO -- A seemingly unbridgeable divide between Honda Motor and Nissan Motor has jeopardized the highly anticipated merger of the two Japanese automakers that promised to create the world's third-largest alliance in the industry.

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