The Honda-Nissan merger plan is dead, with no clear advantage for either firm.
Nissan's CEO has realized the need for reform and restructuring within the company.
Honda CEO suggested a combined Nissan-Honda leadership structure would be slow and bloated, leading to Nissan deciding to fix itself.
Nissan needs to address its uninspiring lineup, high reliance on fleet sales, and lack of a clearly defined brand image to remain relevant in the market.