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(Update) Nissan Preparing to Scrap Merger Talks with Honda

(Update) Nissan Preparing to Scrap Merger Talks with Honda

   Tokyo, Feb. 5 (Jiji Press)--Nissan Motor Co. is preparing to rescind its agreement with Honda Motor Co. to consider integrating their operations, sources said Wednesday.
   Nissan people are increasingly opposed to a Honda proposal to make Nissan a subsidiary, due to concerns over losing managerial independence, the sources said.

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AFP-JIJI PRESS NEWS JOURNAL


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