Mitsubishi Motors Corp. is considering not joining the planned merger between Nissan Motor Co. and Honda Motor Co. and instead focusing on strengthening cooperation with the two larger firms, a source close to the matter said Friday.
The development reflects Mitsubishi Motors’ fears of losing management control if it joins the Nissan-Honda merger under a holding company. The Tokyo-based firm is a Nissan partner and has strength in Southeastern Asian markets such as Indonesia and the Philippines.
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