Nissan reportedly balks at Honda’s terms, putting their merger in doubt

Shares of Nissan Motor Co. and Honda Motor Co. rose overnight following reports that the automakers’ proposed merger may be scrapped.

The Japanese newspaper Asahi Shimbun and the Wall Street Journal reported the two companies’ boards would meet as soon as Wednesday to discuss possibly terminating the talks, after Nissan reportedly balked at a new proposal where it would become a subsidiary of Honda, rather than both being subsidiaries of a single holding company.