Honda's $60B merger with Nissan falls apart

Group 1 - The $60 billion merger between Honda and Nissan has been called off due to Nissan's "pride and insufficient alarm about its predicament" [1] - Honda revised the terms of the merger abruptly, proposing that Nissan become a subsidiary, indicating potential bad blood between the two companies [2] - The merger talks were formally announced in December, with the goal of better navigating the "dramatic changes" in the automotive industry [3] Group 2 - If the merger had proceeded, it would have created the world's third-largest automaker, with considerations to include Mitsubishi and Renault in the alliance [3] - Foxconn, a Taiwanese electronics giant, has expressed interest in acquiring a stake in Nissan following the cancellation of the merger [2]