Nissan tells Honda to scrap merger talks: sources

Nissan CEO Makoto Uchida met with his Honda counterpart Toshihiro Mibe on Thursday to say he wanted to end their merger talks after the larger automaker proposed making Nissan a subsidiary, said a source with knowledge of the matter.

The Japanese automakers in December signed a memorandum of understanding to discuss an integration under a holding company to create the world’s No.3…