FILE PHOTO: Makoto Uchida, Director, Representative Executive Officer, President and CEO of Nissan Motor Corporation holds a joint press conference on their merger talks, in Tokyo, Japan, December 23, 2024. REUTERS/Kim Kyung-Hoon/File Photo

Nissan backed out of negotiations with Honda in a deal that would have created the third largest automaker in the world, the report said.

Even if the merger is off, Nissan remains keen on working with Honda in areas such as electric vehicles and software defined vehicles.