This is reported by RBC-Ukraine citing Automotive News. According to Kontrakty.UA,
Mitsubishi, Honda, and Nissan previously signed a memorandum of understanding with the aim of creating a holding company, so initially, the parties were open to an alliance. However, Mitsubishi now intends to maintain its independence, although a buyback of shares will be necessary for complete autonomy.
Currently, Nissan owns 34% of Mitsubishi's shares, but the sale of this asset cannot be ruled out. The issue is that Mitsubishi lacks the funds to buy back such a quantity of shares, and the deal is unlikely to be possible without Renault’s consent. The French automaker holds 35.7% of Nissan's shares, which is highly displeasing to Honda.
Thus, Mitsubishi's independence is in serious doubt, leading officials to refrain from comments: the company has issued a statement indicating that no final decision has yet been made. According to Japanese journalists, Honda is beginning to lose patience and believes that events are progressing too slowly.
New details about the alliance may emerge on February 3. This is the day when the one-month period will end, during which Nissan must provide Honda with guarantees of financial stability. If these conditions are not met, the giant alliance of Japanese brands will not materialize.