Mitsubishi Motors may choose to opt out of the planned merger between Honda and Nissan, according to a report by Reuters. Sources indicate that the automaker, 34.01% owned by Nissan, intends to maintain its listing on the Tokyo Stock Exchange while continuing its collaborative efforts with both of its fellow Japanese automakers.
The publication adds that recent reports from Japan are also suggesting that Mitsubishi is reconsidering its involvement. Concerns reportedly revolve around the company’s limited ability to influence the management of the holding company due to its smaller size.
As you may recall, the merger proposal between Honda and Nissan was formalised last December when the two companies signed a memorandum of understanding (MoU). Under the agreement, they plan to finalise terms by June 2025, with a joint holding company expected to be established by August next year. The merger aims to enhance their competitiveness in the rapidly evolving global automotive market.
Mitsubishi initially expressed interest in joining the alliance and agreed to enter discussions as a potential third partner. At the time, the company announced it would decide by January 2025 whether to participate in the new alliance, which would represent a significant milestone for the three companies.
(Source: Reuters)
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