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The Independent UK
The Independent UK
Shweta Sharma

Honda-Nissan’s $60bn mega merger deal collapses with promise to continue collaboration on EVs

Nissan Honda Toyota Volkswagen Makoto Uchida

Talks for a multi-billion-dollar merger between Japanese car giants Honda and Nissan have collapsed, formally ending the negotiations for the deal that would have led to the formation of one of the world’s biggest carmakers.

The tie-up between the two carmakers would have created an auto group worth $60bn that would have helped both Japanese companies compete against the Chinese and US rival brands, such as BYD and Tesla, upending the car industry.

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