Nissan Motor Co. President Makoto Uchida on Thursday told Honda Motor Co. President Toshihiro Mibe of his intention to call off talks on a proposed business integration between their companies. The two leaders held a meeting at Honda’s headquarters in Tokyo as the discussions on the matter,

Nissan CEO Makoto Uchida met with his Honda counterpart Toshihiro Mibe on Thursday to say he wanted to end their merger talks after the larger automaker proposed making Nissan a subsidiary, said a source with knowledge of the matter.

Nissan's future reportedly became the sticking point in negotiations, with Honda pushing to make its smaller competitor a direct subsidiary.