Sources revealed on Friday that Mitsubishi Motors, a junior partner of Nissan and Honda, is considering not joining a planned merger between the two Japanese automakers. While Mitsubishi will maintain its cooperative ties with both companies, it plans to remain independent and listed, according to insiders who spoke on condition of anonymity.

The potential merger could form the world's third-largest auto group with an annual production of 7.4 million vehicles.

Despite an initial MoU involving Mitsubishi in talks of "participation, involvement, and synergy sharing" in the Honda-Nissan merger, it now appears the company wants to go solo. The report indicates Mitsubishi had considered joining the new holding company with Honda and Nissan but has now opted out.

Japan's Mitsubishi Motors, a junior partner of Nissan Motor, is considering not joining a planned business merger between Nissan and Honda Motor, sources told Reuters on Friday. Mitsubishi Motors plans to remain listed while continuing its cooperative relationship with both companies,

Mitsubishi Motors Corp. won’t be a part of Honda Motor Co. and Nissan Motor Co.’s plans to combine their companies under a holding company, the Yomiuri reported.

Honda and Nissan announced merger plans in December 2024, and the process has been progressing as per schedule. The merger will also include Mitsubishi, and both companies aim to reach a definitive agreement by June 2025.

Mitsubishi Motors, a junior partner of Nissan Motor, is considering not joining a planned business merger between Nissan and Honda Motor, the Yomiuri online said on Friday. The report came after Nissan and Honda last year said they would begin formal talks on the merger that could potentially create the world's third-largest auto group.