In a shocking move, the highly-anticipated $60 billion mega-merger between Honda and Nissan has been called off. According to Reuters, the deal fell through due to Nissan's "pride and insufficient alarm about its predicament."
Sources close to the matter cite bad blood on both sides, suggesting that the merger talks were more contentious than initially thought. The collapse of the deal is a significant setback for both companies, which had hoped to join forces to better compete in the rapidly changing automotive landscape.
The failed merger raises questions about the future of both Honda and Nissan, and whether they will be able to navigate the challenges of the industry alone. One thing is certain, however: the automotive world will be watching with bated breath to see what's next for these two giants.
