Nissan’s April-December profit crashed to 5.1 billion yen, or $33 million, a tiny fraction of the 325 billion yen profit the Japanese automaker recorded the previous year.

Honda and Nissan announced Thursday they were terminating negotiations for a mega-merger that would have created the world's third-largest car company.

Nissan plans to cut thousands of jobs and slash production in a turnaround plan that becomes more important after calling off its Honda tie-up.