Japan's Mitsubishi Motors, a junior partner of Nissan Motor, is considering not joining a planned merger between Nissan and Honda Motor, sources told Reuters on Friday. Mitsubishi Motors plans to remain listed while continuing its cooperative relationship with both companies,

Shares in Japanese automaker Mitsubishi Motors plunged nearly nine percent Friday after a report said it might not join a planned merger between industry giants Honda and Nissan.

Japans Mitsubishi Motors (OTC:MMTOF), a key partner of Nissan (OTC:NSANY), may opt out of the proposed merger between Nissan and Honda (NYSE:HMC), sources revealed on Friday. The merger, aimed at creating the

Mitsubishi Motors Corp. won’t be a part of Honda Motor Co. and Nissan Motor Co.’s plans to combine their companies under a holding company, the Yomiuri reported. The smaller carmaker, which is partly owned by Nissan,