With the Nissan-Honda merger officially dead, Nissan is now moving forward with its own restructuring plan.That means deep job cuts, plant closures, and a more aggressive approach to development cycles as the company attempts to regain stability.

The Japanese companies’ decision to call off negotiations highlights the challenges legacy automakers face in partnering to tackle new technologies.

Honda Motor and Nissan have called off their $50 billion merger talks, a move that would have resulted in one of the world's largest auto conglomerates. Back in December, the two Japanese automotive giants had announced plans to merge their operations. The main objective was to share costs and develop next-generation vehicles together.