How Nissan lost its status as Honda equal

Japan's Nissan Motor is open to working with new partners including even technology firms after merger talks with cross-town rival Honda Motor foundered, people familiar with the automaker's thinking have said. The pair were on course to create the world's fourth-biggest automaker with annual production of nearly 7 million vehicles, just behind compatriot Toyota Motor, Germany's Volkswagen and South Korea duo Hyundai Motor and Kia, according to 2024 sales data. Nissan backed out after Honda proposed making its struggling peer a subsidiary, another person said.