Honda, Nissan abandon plans for merger to create a mega Japanese automaker
Honda
Feb. 13 (UPI) -- Honda and Nissan announced Thursday they were terminating negotiations for a mega-merger that would have created the world's third-largest car company with sales of as much as $194 billion and annual profits in excess of $19 billion. Plans for the merger, which would have also involved the smaller Mitsubishi to make the firms more competitive, were ditched in the interest of nimble "decision-making and execution of management measures in an increasingly volatile market
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