Nissan and Honda are calling off their $50 billion merger

Group 1 - Nissan and Honda have called off a $50 billion merger that would have formed one of the world's largest car companies [1] - The decision was made to prioritize speed of decision-making and execution of management measures in an increasingly volatile car market [1] - Both companies will continue to work within the framework of a strategic partnership moving forward [1] Group 2 - The merger talks were first announced in late December, and if completed, it would have created the world's third-largest automaker by sales [2]