Nissan and Honda end $60bn merger talks

Both Japanese carmakers say they will continue to cooperate on electric vehicle technology

Japan's Nissan and Honda have said that their boards have voted to end talks over a merger that would have created a $60bn (48bn) auto group, but added that both companies would continue to cooperate in electric vehicles.

A merger would have spawned the world's fourth-biggest carmaker by vehicle sales after Toyota, Volkswagen and Hyundai.