Japanese auto giants Honda and Nissan confirmed they've scrapped merger talks announced in December​, ending a potential combination that would have created the world's third-largest automaker.

Japanese business leaders are reportedly urging Tesla CEO Elon Musk to step in as a strategic investor in Nissan after the company’s merger talks with rival Honda collapsed last week.

Less than two months after a potential merger was floated, Honda and Nissan have called the potential partnership off, forcing Nissan, which has been experiencing difficulties, to explore alternate collaborations.

Japanese automakers Honda, Nissan and Mitsubishi are dropping their talks on a business integration. The automakers said Thursday that they agreed on the move.

Nissan Motor Co., Honda Motor Co., and Mitsubishi Motors Corp. have agreed to terminate their memorandum of understanding (MOU) to consider a tripartite collaboration. Nissan and Honda signed the

Japan’s Nissan and Honda have ended discussions on a deal that would have created the world’s third-largest carmaker.

Elon Musk has seemingly rejected speculation that the US electric vehicle maker might step in as a strategic investor for Japan's Nissan.

Nissan and Honda ended merger talks to forge a $60 billion car company on Thursday, pitching Nissan deeper into uncertainty and highlighting the pressure on legacy automakers from Chinese rivals upending the industry.

A Japanese consortium, including ex-PM Yoshihide Suga, plans to encourage Tesla to invest in Nissan after merger talks with Honda failed. Foxconn also seeks a partnership framework with Honda, Nissan,

Cultural differences have long complicated Renault's collaboration with Nissan and Mitsubishi Motors, raising the possibility that the French automaker may strengthen its ties with Geely instead. Against this backdrop,

Honda (HMC), and Mitsubishi Motors Corporation (MMTOF) agreed to terminate their MOU regarding the consideration of the

Shares of Mitsubishi surged as much as 8.6% after a report that Honda would be willing to restart talks on a potential tie-up with ailing peer Nissan if its CEO Makoto Uchida steps down.