Honda and Nissan initially said they were trying to finalize an agreement by June and set up the holding company by August. The three automakers will continue to work together on electric vehicles and smart cars, such as autonomous driving, they said Thursday.

Nissan Motor Co., Honda Motor Co., and Mitsubishi Motors Corp. have agreed to terminate their memorandum of understanding (MOU) to consider a tripartite collaboration. Nissan and Honda signed the

It's official: the potential merger between Nissan, Honda, and Mitsubishi is dead. Both Japanese automakers released the same press statements announcing the end of their MOU, or "memorandum of understanding.