Despite reports that Mitsubishi would not be a part of the Honda-Nissan merger, officially no decision has been made
Mitsubishi is still none the wiser as to whether they'll be part of the Nissan - Honda merger. Nissan has stated that it's prepared to sell its shares back to Mitsubishi Corp. Honda is waiting for Nissan 's turnaround plan, which has a deadline of the end of January. One of the hottest topics in the automotive industry right now is the planned merger between Honda and Nissan .
Initially, it was reported that Mitsubishi would be exiting stage left, although President and CEO of Mitsubishi Motors, Takao Kato, later said that nothing was decided. What is clear is that the deliberations are long and, for Honda, painful, with Nikkei Asia reporting that a company executive said that things were moving too slowly. Nissan is currently the largest shareholder in Mitsubishi Motors, holding a 34 percent stake.
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