Nissan and Honda, both major automakers based in Japan, responded Wednesday to reports that a potential merger of the two companies could beat risk of being abandoned.

There's strife of the horizon as Nissan vehemently opposes Honda's suggestion of making the struggling carmaker its subsidiary.

The development sparked new questions about how long Nissan can ride out its latest crisis without external help.

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, according to three people familiar with the matter.

Merger talks between Honda Motor and Nissan Motor turned out to be short-lived, with the latter rejecting the deal after the two failed to agree on the valuation of the carmakers under a holding company.

Two of Japan’s largest automakers have been in talks to combine their operations to form one of the world’s biggest car groups.

The rumored collapse of merger talks between Honda and Nissan amidst the EV industry's transformation has thrust Foxconn into the spotlight as it continues to explore partnerships with Nissan and Renault.

Nissan was deep in the trenches, with its existence at stake, but Honda's timely entry gave it a positive direction. Here's how everything went down.