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Mitsubishi has decided to opt out of a merger that would create one of the largest car companies in the industry.

Rather than joining a complete merger with Honda and Nissan, Mitsubishi could work with them while staying independently listed.

Japanese automakers Honda and Nissan announced plans to work toward a merger that would form the world’s third-largest automaker by sales, as the industry transitions away from fossil fuels.

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It seems like Japanese automakers are fast falling behind the EV movement, with Tesla and Volkswagen taking the lead. However, that could all change by 2025, says CNN, as Honda and Nissan

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.

Mitsubishi Motors Corp. is considering not joining the planned merger between Nissan Motor Co. and Honda Motor Co. and instead focusi

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.

As Honda and Nissan negotiate the terms of a possible merger, we take a speculative look at what new vehicles could spawn from the unprecedented collaboration.