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.

TOKYO—Honda and Nissan on Thursday officially scrapped their planned merger less than two months after announcing it, putting pressure on troubled Nissan to look for other partnerships.The two Japanese automakers had said in December that they planned to combine operations by 2026,

Honda and Nissan ended the merger talks but will continue to collaborate on electric and intelligent vehicle development.