Honda Motor is reportedly proposing to acquire shares in Nissan Motor, aiming to make it a subsidiary.
This follows ongoing discussions on business integration, which began in December.
Initially, botch companies considered a joint holding company, but informed sources say Honda is now moving to make Nissan a subsidiary.
The automakers have set a mid-February deadline to decide on further negotiations, depending on Nissan’s restructuring progress.
Honda aims to speed up decision-making for an operational turnaround, but Nissan is pushing for an equal partnership.
Internal resistance to Honda’s approach is reported.
