Nissan CEO tells Honda counterpart he wants to scrap MOU over merger talks, source says ...Middle East

The termination of talks followed a proposal from Honda to make Nissan a subsidiary, which was not part of the original plan, the source said, declining to be identified because the matter is not public.

have been complicated

Nissan will formalise the decision to withdraw from the MOU at a board meeting to be held before the company’s third-quarter earnings announcement next week, the person said.

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