Nissan Motor (OTC:NSANY) has delayed its decision on a potential merger with Honda Motor (NYSE:HMC) to mid-February, extending discussions initially set to conclude by the end of January. A company spokesperson confirmed that the Integration Preparatory Committee is still in talks, underscoring the complexity of the proposed merger.
The two Japanese automakers are exploring a historic integration by 2026, responding to rising competition from Chinese electric vehicle (EV) manufacturers. In December, both companies announced plans to finalize discussions by June and establish a holding company by August 2026, at which point their shares would be delisted.
Nissan’s longtime partner Renault (EPA:RENA), which holds a 36% stake in the company, has expressed openness to the merger. However, Mitsubishi Motors (OTC:MMTOF), a smaller alliance member, is reportedly reconsidering its involvement, according to sources.
This potential merger signals a significant shift in Japan’s auto industry as legacy manufacturers seek to strengthen their competitive edge in the evolving EV market.
