Honda and Nissan, it turns out, have irreconcilable differences. 2/13/25 Update: The merger idea is dead. Honda and Nissan have officially called off merger talks after failing to agree on the role Nissan would play in the proposed company.

Nissan was deep in trouble late last year when rival Honda offered a lifeline: a $60 billion tie-up that would help both Japanese automakers compete against the Chinese brands upending the car industry.

Honda may be willing to restart negotiations that fell apart earlier this month, on the condition that Nissan CEO Makoto Uchida leaves the automaker, according to a Monday report from the Financial Times.