Honda and Nissan end merger talks, say they will continue to 'collaborate'

Reuters on Feb. 6 had reported that Nissan "looks set to step back from" merger talks with rival Honda.Japanese automakers Honda and Nissan said Thursday they would terminate merger talks, ending speculation over the fate of a $60-bllion deal that was slated to create the world's third-largest auto company by sales volumes.The deal fell apart due to Nissan's "pride and denial," as well as its refusal to close factories, while Honda's move to make the carmaker its subsidiary further clouded the fate of the d ...