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.

The chief executives of the two automakers, at separate news conferences, traded jabs about Honda’s bid to change the terms of the deal.

Nissan plans to cut thousands of jobs and slash production in a turnaround plan that becomes more important after calling off its Honda tie-up.