Auto giants Nissan, Honda to scrap $60 billion merger talks: report

Nissan is set to call off merger talks with rival Honda, a source said on Wednesday, abandoning a $60 billion-plus tie-up that would have created the world’s no. 3 automaker and raising questions about how it will drive a turnaround by itself.Talks have been complicated by growing differences between the two Japanese automakers, two people familiar with the matter, both of whom declined to be named because they were not authorized to speak to the media, said earlier.Nissan shares slid more than 4% on the To ...