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The $ 60 billion mega - merger between Honda and Nissan has been scream off , in part because of Nissan ’s “ pride and insufficient alarm about its predicament,”writes Reuters , citing half a twelve sources .
The report hints at bad blood on both sides , say the development also ties to Honda dead revising the term of the merger and proposing that Nissan become a subsidiary . Chinese electronics giant Foxconn , which has latterly foray into EVs , hassaid it may be interested in buying a stakein Nissan now that the uniting is off .
The two Nipponese automakers revealed last twelvemonth that they were think ways to work together and formally announced the merger talksin December . Their overarching end was to well survive the “ spectacular change ” in the self-propelling industriousness .
If they had come together , they would have created the humankind ’s third - largest automaker . The two company were also considering close in Mitsubishi , which — along with French automaker Renault — is currently in a strategical alliance with Nissan .
