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Honda Motor has ended merger talks with Nissan Motor, which aimed to create a $60 billion automotive firm. Discussions, ongoing since December, collapsed over Honda's subsidiary proposal.

Nissan Motor may replace CEO Makoto Uchida amid poor performance and failed talks with Honda Motor on a joint holding company.

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About HONDA MOTOR CO

Honda Motor Co., Ltd. engages in the manufacture and sale of automobiles, motorcycles, and power products. It operates through the following segments: Automobile, Motorcycle, Financial Services, and Power Product and Other Businesses. The Automobile segment manufactures and sells automobiles and related accessories. The Motorcycle segment handles all-terrain vehicles, motorcycle business, and related parts. The Financial Services segment provides financial and insurance services. The Power Product and Other Businesses segment offers power products and relevant parts. The company was founded by Soichiro Honda on September 24, 1948 and is headquartered in Tokyo, Japan.