Mitsubishi has been invited to affix a deliberate merger between Honda and Nissan, although the automaker is reportedly contemplating turning down the provide, Reuters reported on Friday, citing nameless sources.
In line with the sources, Mitsubishi was anticipated to determine by this month whether or not to affix Honda and Nissan within the merger. Nevertheless, the one remark the automaker has made is that it’s contemplating varied prospects and that its ultimate choice has not but been made.
Mitsubishi already has ties with Honda and Nissan, and in line with Reuters’ sources, the automaker could select to stay impartial whereas persevering with its collaboration with Honda and Nissan.
Nissan already owns a main stake in Mitsubishi, and the 2 corporations share car platforms and know-how by means of their current alliance, which additionally consists of Renault. Nevertheless, Mitsubishi introduced final fall that it plans to purchase again a few of its shares from Nissan to scale back Nissan’s stake from 34% to 27%.
CEOs of Honda and Nissan examine EV partnership – March 2024
Mitsubishi has additionally collaborated with Honda previously, most lately within the space of battery leasing for EVs by means of a three way partnership known as Altna.
Japan’s Yomiuri Shimbun newspaper additionally reported on Friday that Mitsubishi is contemplating not becoming a member of the merger as a consequence of issues that its smaller dimension in comparison with Honda and Nissan might go away it deprived in decision-making.
Nissan and Honda’s merger is predicted to be finalized by mid-2025, with the institution of a holding firm to comply with a yr later, at which level each corporations’ shares could be delisted.
