Obstinance, combined with what Honda’s (HMC) management saw as Nissan’s (NSANY) slow decision-making, helped sink a deal that would have created one of the world’s largest automakers, Reuters’ Maki Shiraki, Daniel Leussink and Norihiko Shirouzu report. According to sources, Nissan’s pride and denial about its situation hindered merger talks and its management was unwilling to consider the factory closures Honda pushed for, while Honda’s proposal to make Nissan a subsidiary caused tension.
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