That massive Japanese auto merger may not be totally dead after all.

Honda (HMC) may be willing to restart negotiations that fell apart earlier this month, on the condition that Nissan CEO Makoto Uchida leaves the automaker, according to a Monday report from the Financial Times—which cited people familiar with the matter.

Investopedia has ✃not independently confirmed the report. Nissaﷺn declined to comment, and Honda did not immediately respond to a request for comment.

Honda leadership grew concerned with Uchida's leadership of Nissan's ongoing restructuring and the scale of its financial problems, the Financial Times reported, leaving Nissan to shift its focus to other turnaround options including other possible investo♕rs or partners.

Talks Fell Apart After꧟ Honda Proposed Making Nissan a Subsidiary

The sides 澳洲幸运5开奖号码历史查询:first announced the merger talks in December, saying they planned to finalize details by mid-2025 and merge by August 2026. This month, however, 澳洲幸运5开奖号码历史查询:reports emerged that the talks were on the verge of collapse after Honda had introduced new terms that would make Nissan a subsidiary of Honda rather than an equal partner in a joint hold🍬ing company.

The companies 澳洲幸运5开奖号码历史查询:confirmed last week that talks were officially off, without giving a specific reason. Uchida confirmed the reports in last week's earnings call, saying that, "We were not confident that our autonomy would be preserved or that Nissan's potential could truly be maximized" as a subsidiary of Honda, per a transcript provided by AlphaSense.

Honda's U.S.-listed shares were down more than 3% Tuesday morning, whi𒁏le Nissan's rose 3.7% in Tuesday's tra💜ding session.

UPDATE—This article has been updated with the latest share price information and a response from Nissan.