Even if the merger is off, Nissan remains keen on working with Honda in areas such as electric vehicles and software defined vehicles.

Nissan and Honda, both major automakers based in Japan, responded Wednesday to reports that a potential merger of the two companies could beat risk of being abandoned.

TOKYO — Nissan is set to call off merger talks with rival Honda, a source said Wednesday, abandoning a $60 billion-plus tie-up that would have created the world's No. 3 automaker and raising questions about how it will drive a turnaround by itself.

Nissan Motor Co. is seeking out a new partner as it prepares to end negotiations to form a joint holding company with Honda Motor Co., people familiar with the matter said.

A proposed $58 billion merger to create the world’s fourth-largest carmaker appears on the verge of collapse after Honda made an unexpected proposal to turn Nissan into a fully owned subsidiary, according to three people familiar with the matter.

Nissan's future reportedly became the sticking point in negotiations, with Honda pushing to make its smaller competitor a direct subsidiary.

Nissan CEO Makoto Uchida met with his Honda counterpart Toshihiro Mibe on Thursday to say he wanted to end their merger talks after the larger automaker proposed making Nissan a subsidiary, said a source with knowledge of the matter.

With North American Nissan dealers begging for a dedicated off-road 4Runner rival, we take a look at what it could look like if the automaker decides to deliver. You can now lease a Cybertruck for as low as $749/month and score a free wrap on a Foundation Series.

Less than two months after announcing they'd merge by 2026, Nissan and Honda appear to be going their separate ways.