Honda, Nissan formally abandon merger talks

(Sharecast News) - Japanese auto giants Honda and Nissan officially abandoned merger talks on Thursday after failing to agree on the future structure of the new company.

The duo will collaborate under a strategic partnership, according to a joint statement.

"Going forward, Nissan and Honda will collaborate within the framework of a strategic partnership aimed at the era of intelligence and electrified vehicles, striving to create new value and maximize the corporate value of both companies," they added.



Reporting by Frank Prenesti for Sharecast.com