With the Nissan-Honda merger officially dead, Nissan is now moving forward with its own restructuring plan.That means deep job cuts, plant closures, and a more aggressive approach to development cycles as the company attempts to regain stability.

The $60 billion mega-merger between Honda and Nissan has been called off, in part because of Nissan's "pride and insufficient alarm about its

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