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Did Mitsubishi Join the Honda–Nissan Merger Talks? What Happened

Mitsubishi considered involvement in the proposed Honda–Nissan integration, but the exploratory MOU ended in February 2025. Later cooperation is separate from a merger.
From TheFinanceBase Team2 min to read
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No—not as a merger partner. Mitsubishi Motors explored possible involvement in Nissan and Honda’s proposed business integration in December 2024, but the three companies terminated that exploratory memorandum of understanding on February 13, 2025. They said their broader strategic partnership would continue.

What Mitsubishi agreed to in December 2024

On December 23, 2024, Mitsubishi Motors, Nissan and Honda signed a memorandum of understanding to explore whether Mitsubishi might participate in or otherwise be involved with Nissan and Honda’s proposed integration, including sharing potential synergies. The proposal under consideration involved Nissan and Honda forming a joint holding company. Mitsubishi aimed to reach a conclusion about possible participation or involvement by the end of January 2025. The MOU was a step to examine options—not a merger agreement or an announcement that Mitsubishi had joined. Mitsubishi’s December 23 announcement

Why Mitsubishi initially pushed back on reports

On December 18, 2024, Mitsubishi said reports that Honda and Nissan were considering integration with the possibility of Mitsubishi joining later were not based on an announcement from the company. It said the companies were considering possible collaboration and that no decisions had been made. The subsequent December 23 MOU formalized an exploration; it did not turn the reports into a completed deal. Mitsubishi’s December 18 clarification

The integration MOU ended; the partnership continued

On February 13, 2025, Nissan and Honda ended their own integration MOU. In light of that decision, all three companies terminated the December tripartite MOU. Their joint announcement said they would continue collaborating under the strategic partnership framework signed on August 1, 2024, focused on vehicle intelligence and electrification. The statement described continued cooperation, not a revived merger process. The companies’ February 13 joint announcement

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How later collaboration differs from a merger

Nissan and Honda’s software agreement

On August 31, 2026, Honda announced a Nissan–Honda agreement to jointly develop and standardize core electronic control units (ECUs) and software for next-generation software-defined vehicles. The companies plan to use the resulting electrical and electronic architecture in next-generation vehicles from fiscal 2029 onward. The announcement names Nissan and Honda as the parties; it does not say Mitsubishi joined this project or that a merger is underway. Honda’s August 31, 2026 announcement

Nissan and Mitsubishi’s vehicle cooperation

Nissan’s partnership overview describes work with Honda and Mitsubishi Motors in vehicle intelligence and electrification, as well as separate Nissan–Mitsubishi electric-vehicle and pickup projects. Separately, Mitsubishi said in June 2026 that its North American companies planned to begin selling a Nissan-supplied Eclipse Sportback EV in the second half of 2026. These are examples of strategic cooperation and vehicle supply—not evidence that Mitsubishi joined the Honda–Nissan integration proposal. Nissan’s partnership overview · Mitsubishi’s June 2026 announcement

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What the announcements establish

  • Mitsubishi explored possible participation in or involvement with Nissan and Honda’s proposed integration in December 2024.
  • The three companies terminated that exploratory MOU on February 13, 2025, after Nissan and Honda ended their integration MOU.
  • The companies said their strategic collaboration would continue, but later technology and vehicle programs are distinct from a merger.

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