Honda, Nissan cancel megamerger after negotiations.

Honda and Nissan have officially halted their megamerger talks but will still collaborate on software and electric vehicle technologies.

Honda, Nissan cancel megamerger after negotiations.

The big plans for a megamerger between Honda and Nissan have crashed and burned, and they just confirmed it. Honda President and CEO Toshihiro Mibe made it clear: “It’s very unfortunate that we could not find the common ground to take a step toward the merger.”

This merger was supposed to propel them to the third largest vehicle producer worldwide, helping both companies recover from their recent struggles. But hey, sometimes you just can't find that sweet spot, you know?

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