The merger, expected to promise a net worth of around $80 billion AUD, is over – but the brands will continue to work together on the electric project confirmed last year

The failure of Honda and Nissan to agree on merger terms was reportedly due to an ego clash between the Japanese titans, with a debate over whose hybrid technology to use at the centre of the friction.

In a joint statement released the same day, Honda acknowledged that it proposed to divert from its original intention of forming a joint holding company to one where "Honda would