Nissan tells Honda it intends to end merger talks: source

Nissan Motor Co. conveyed its intent to terminate merger talks with Honda Motor Co. when the management of the two companies met Thursday, a source familiar with the matter said, signaling the end of an initiative that could have created the world's third biggest auto group by volume.Honda, Japan's second-largest automaker, will however continue to explore some form of collaboration with Nissan, the third largest, over the development of software and batteries for electric vehicles in the face of powerful EV manufactures in the United States and China.Nissan CEO Makoto Uchida visited Honda …READ FULL ARTICLE