The problem is there is no likely outcome that would leave both companies and their employees better off than they are today.

The potential merger could form the world's third-largest auto group with an annual production of 7.4 million vehicles.

It seems like Japanese automakers are fast falling behind the EV movement, with Tesla and Volkswagen taking the lead. However, that could all change by 2025, says CNN, as Honda and Nissan

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. Honda and its struggling rival Nissan agreed last month to launch talks on the tie-up,