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(Update 2) Honda-Nissan Merger Talks Fall Apart

(Update 2) Honda-Nissan Merger Talks Fall Apart

The logos of Honda and Nissan
The logos of Honda and Nissan

   Tokyo, Feb. 13 (Jiji Press)--Honda Motor Co. and Nissan Motor Co. formally decided at their respective board meetings Thursday to end their management integration talks, as Nissan rejected Honda's proposal to make it a wholly owned subsidiary.
   "We were not sure until the end how far Nissan's autonomy would be protected," Nissan President Makoto Uchida told a press conference in Yokohama, south of Tokyo.

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AFP-JIJI PRESS NEWS JOURNAL


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