The potential merger could form the world's third-largest auto group with an annual production of 7.4 million vehicles.

According to a report by Reuters, Mitsubishi is considering not joining the planned merger between Honda and Nissan. Sources told the news outlet that Mitsubishi, which is 34.01% owned by Nissan, plans to remain listed

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

Mitsubishi Motors, a junior partner of Nissan Motor, is considering not joining a planned business merger between Nissan and Honda Motor, the Yomiuri online said on Friday. The report came after Nissan and Honda last year said they would begin formal talks on the merger that could potentially create the world's third-largest auto group.

Although the joint press release didn't include Mitsubishi, a separate document released the same day mentioned a second MoU signed by all three Japanese brands. Mitsu said it would explore its "participation,

Presidents of Nissan Motor Co., Honda Motor Co. and Mitsubishi Motors Corp. -- Makoto Uchida, Toshihiro Mibe and Takao Kato -- pose for photos after attending a joint press conference in Tokyo on Dec.