Mitsubishi President Takao Kato is considering joining the business integration talks between Honda and Nissan.

Honda, Nissan, and Nissan's partner Mitsubishi are moving forward with a "business integration" to keep the Japanese automakers competitive

Japanese automakers Honda and Nissan will attempt to merge and create the world’s third-largest automaker by sales as the industry undergoes dramatic changes in its transition away from fossil fuels.

Honda's acquisition of Nissan could strengthen the two struggling brands to better compete with China's BYD Co. in the global auto market. Honda's planned acquisition of Nissan would combine their more than 6 million global sales in 2024,

Honda, Nissan, and Mitsubishi are joining forces to tackle the challenges of the global automotive market. This merger will result in a new Japanese holding company aimed at enhancing the competitiveness of these brands on the global stage.