The chief executives of the two automakers, at separate news conferences, traded jabs about Honda’s bid to change the terms of the deal.

Japanese auto giants Honda and Nissan confirmed they've scrapped merger talks announced in December​, ending a potential combination that would have created the world's third-largest automaker.

Japan's Nissan and Honda ended talks to create an auto group worth $60 billion on Thursday, pitching Nissan into greater uncertainty although the automakers promised to continue to collaborate on electric vehicles.