News brief

Japanese automakers drop talks on business integration. Japanese automakers Honda, Nissan, and Mitsubishi are dropping their talks on a business integration. Nissan Chief Executive Makoto Uchida said he could not accept a proposal for his company to become a subsidiary of Honda. Separately, Honda Chief Executive Toshihiro Mibe said Honda suggested a stock swap to speed up decision-making. Honda and Nissan announced in December on the talks. Mitsubishi Motors was considering joining that group. Analysts say the automakers’ model lineups and strengths overlap in an industry shaken by the arrival of powerful newcomers like Tesla and BYD.