Honda, Nissan and Mitsubishi drop plans for integration

Nissan chief Executive Makoto Uchida, left, with Honda chief executive Toshihiro Mibe during a joint news conference in Tokyo in December (Eugene Hoshiko/AP)

Japanese carmakers Honda, Nissan and Mitsubishi have said they are dropping their talks to integrate their businesses.

They agreed to end their consideration of how to build a structure for the three brands to collaborate, their joint statement said.