Nissan Motor Co. ( NSANF ) CEO Makoto Uchida has informed Honda Motor Co ( HMC ). CEO Toshihiro Mibe of his intention to terminate discussions on a potential merger, Asahi reported Thursday.

Nissan’s stock rose 2.09% to 395 Japanese Yen ($2.59) on the Tokyo exchange, while Honda ( HMC ) fell 4.10% to 1,438 Japanese Yen ($9.44).

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