Honda's pressure to restructure Nissan is said to have been a key factor in the recent failed merger negotiations, according to leaks published Thursday by local media. Nissan, facing significant financial troubles,

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 CEO of Nissan Motor Co conveyed the company's intent to terminate merger talks with Honda Motor Co on Thursday, a source familiar with the matter said, signaling the end of an initiative that would have created the world's third biggest auto group.