Honda and Nissan announced in December they were planning on holding talks to set up a joint holding company while Mitsubishi said later it was considering joining the group. View on euronews

Had it been for the merger to go through, the combined entity would have transformed to become one of the largest car makers in the world, rivalling its fellow Japanese carmaker, Toyota. This merger was estimated to be priced between USD 50-60 billion or around Rs 4 lakh crore, as per current exchange rates.

The development sparked new questions about how long Nissan can ride out its latest crisis without external help.

Honda and Nissan held talks to consider setting up a joint holding company, with Mitsubishi also interested in collaborating.

Japanese automakers Honda, Nissan and Mitsubishi said Thursday they are dropping their talks for a business integration. The automakers agreed to end their agreement regarding the consideration of the structure for a collaboration of the trio,

Japanese auto giants Honda and Nissan confirmed they've scrapped merger talks announced in December​, ending a tie-up that would have created the world's third-largest automaker.

Honda Motor Co. and Nissan Motor Co. formally ended negotiations to combine, bringing to a swift end a partnership that in theory would have created one of the world’s biggest carmakers.

The boards of Nissan and Honda both voted on Thursday to officially end talks to merge the two Japanese automakers, broadcaster TBS reported.