Makoto Uchida, president and CEO of Nissan Motor, and Toshihiro Mibe, Honda Motor president and CEO, attend a joint press conference in Tokyo, Japan March 15, 2024. — Reuters
TOKYO: Nissan CEO Makoto Uchida met with his Honda counterpart Toshihiro Mibe on Thursday to say he wanted to end their merger talks after the larger automaker proposed making Nissan a subsidiary, said a source with knowledge of the matter.
The Japanese automakers in December signed a memorandum of understanding to discuss an integration under a holding company to create the world's No.3 automaker and compete in an increasingly tough industry.
