Reported by The Financial Times and picked up by Reuters, it says that Honda is willing to work out its differences with Nissan only if they get to work with a Nissan boss who “can more effectively manage internal opposition.” This was after Honda’s own CEO, Toshihiro Mibe, shot down any plans to launch a hostile takeover of Nissan.

Nissan’s own board is said to be already starting informal discussions to oust Uchida following pressure not just from within the carmaker, but from Nissan’s partner, Renault. Uchida says it’s his intention to stay until 2026, to see the turnaround plan through.

After merger talks collapsed due to several issues centering around pride at Nissan, Nissan announced an ambitious turnaround plan which will see it cut their global workforce by 9,000 people and their global manufacturing capacity slashed by 20 percent. Plans include the closure of one of two Nissan plants in Thailand.

The one who’ll benefit greatly from the revived Nissan-Honda merger would be Mitsubishi Motors, according to analysts. This is despite Mitsubishi Motors being against it in the first place.

A three-way tie-up with Honda would mean Mitsubishi won’t have to rely so much on Nissan and could better navigate competition in the auto sector. Moreover, Mitsubishi’s large presence in Southeast Asia would make it a strong member of the trio—perhaps even more valuable to Honda than Nissan is. However, with Nissan’s struggles, Mitsubishi’s outlook is equally murky.

Taiwanese tech maker Hon Hai Precision Industry Co. (Foxconn) and private equity firm KKR & Co. are also keen on investing in Nissan.