Nissan and Honda have officially called off their plans to merge into a single automaker, less than two months after they confirmed the rumors that they were indeed looking to join forces. In an announcement, the companies said that they’d “agreed to terminate” the memorandum of understanding (MOU) they signed in December 2024. If they’d gone through with it and also brought Nissan-controlled Mitsubishi on board, the new entity would’ve had a net worth of around $50 billion.
The automakers said that their CEOs and other members of their management teams have discussed what
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