Nissan has rejected a proposed merger with Honda, citing unfavorable terms that would have made it a subsidiary rather than an equal partner, according to two people familiar with the matter.

A proposed $58 billion merger to create the world’s fourth-largest carmaker appears on the verge of collapse after Honda made an unexpected proposal to turn Nissan into a fully owned subsidiary ...

By River Akira Davis Reporting from Bangkok Nissan Motor and Honda Motor have hit a standstill negotiating the terms of a merger, announced less than two months ago, that would have created one of ...