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Nissan and Honda agreed in December to start talks on joining forces to create the world's third-largest automaker -- seen as a bid to catch up with Tesla and Chinese ...

Honda and Nissan's merger talks that began in December are reportedly on hold after Honda presented terms that were unacceptable to Nissan.

Toyota said Wednesday it will build an EV plant in Shanghai, China. The plant will produce a new Lexus brand EV vehicle.

The struggling Japanese carmaker is withdrawing from talks, the Nikkei business daily and other local media reported.

The pair are discussing various options, including the possibility of withdrawing from deal talks, according to statements.