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Honda and Nissan scrap merger talks

A general view of the showroom at Nissan's global headquarters is pictured in Yokohama, Kanagawa prefecture on February 10, 2025. [AFP]

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

The firms said in a joint statement that they "agreed to terminate the MOU (memorandum of understanding) signed on December 23 last year for consideration of a business integration between the two companies".

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