Honda and Nissan have called off their plans to work together. The deal, worth $60 billion, fell apart when they couldn’t agree on how to run the combined company. The main issue was control. Honda wanted Nissan to become part of its company. Nissan didn’t want this arrangement. “The intent was to join forces to win in the global competition, but this was not going to realize Nissan’s potential, so I could not accept it,” said Nissan’s boss Makoto Uchida. Honda’s leader Toshihiro Mibe felt disappointed. “We saw great potential, but making it work would have been difficult,” he said. … Continue reading Honda-Nissan $60B Merger Collapses Amid Control Disputes