Multi-billion dollar merger talks between Honda and Nissan collapse
Source: BBC
Merger talks between Honda and Nissan have collapsed after the firms failed to agree on a multi-billion dollar tie-up deal.The Japanese car makers aimed to combine their businesses to fight back against competition from rival firms, especially in China.Speaking in December, Honda's chief executive Toshihiro Mibe said a deal with Nissan would combat "the rise of Chinese power".Joining forces would have created a…
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