Japanese automakers Honda, Nissan and Mitsubishi said Thursday they were removing talks for business integration.
The automaker has agreed to end the agreement on structural considerations for collaboration, their joint statement said.
Honda Motor Co. and Nissan Motor Corp. announced that they will hold discussions in December to establish a joint holding company.
Mitsubishi Motors Corp. said it was considering joining the group.
From the start, analysts were confused about the benefits for any company as the overlapping lineup and strengths of models in the industry, which were shaken by the arrival of strong newcomers such as Tesla and BYD and the transition to electrification. .
Details of why the lecture was answered were not available immediately.
Honda and Nissan initially said they were about to finalize an agreement by June, and they established a holding company by August.
The three carmakers will continue to work together on electric and smart cars, such as autonomous driving, they said Thursday.
Over the past few weeks, Japanese media have received various reports that the speech has collapsed, citing unidentified sources.
Some said Nissan has balked to become a minor player in a partnership with Honda.
Honda was in a much better financial position and was to take the lead in a joint executive team.
Nissan reported losses for the July-September quarter, urging vehicle sales to be sunk and slashed 9,000 jobs.
At the time, the CEO received a 50% salary cut to take responsibility for the outcome.
