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Deal or No Deal? No deal, as it turns out. Honda, Nissan and Mitsubishi’s much-hyped merger to create a Japanese MegaCorp has officially been cancelled.
Though Mitsubishi backed out of the talks in early February, there was hope the two larger carmakers would find a way to restructure cooperatively and strengthen their positions in light of the growing threat from the Chinese car industry.
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Nissan doesn’t rule out Sunderland closure amid restructure
Nissan will close three factories worldwide in £2 billion savings drive following collapse of Honda merger talks
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