Japanese car manufacturers Honda and Nissan are reportedly calling off their £46.2 billion ($58 billion) merger, announced in December 2024, amid concerns from Nissan regarding its corporate restructuring and discussions over becoming a subsidiary of Honda.
This decision comes at a time of turbulence for Nissan, which has been grappling with mass layoffs and uncertainties surrounding its overseas plants, including its Sunderland facility in the United Kingdom.
