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Honda is ready to resume the acquisition talks to create the fourth largest car producer in the world if the Nissan Makoto Ouction CEO is to step down, according to people who have trading knowledge.

The 58 -year -old was one of the most powerful defenders inside Nissan to agree with Honda. However, the relations between Uchida and its Toshiiro Mibe have deteriorated as Honda became disappointed by the speed of Nissan’s restructuring and the depth of its financial problems.

The merger talks collapsed after Honda demanded that Nissan become a fully owned subsidiary instead of establishing a holding company, with the two companies equally. Honda will be ready to revive negotiations under a new president who can better manage the internal opposition, according to one person.

Uchida referred to his desire to stay until 2026, but it faces pressure to leave during the next few months of the members of the Board of Directors and its Renault partner after negotiations negotiated for $ 58 billion. A person familiar with these talks said that the Nissan Board of Directors had also started informal discussions about the timing of his exit.

Honda is still attracted to the capital bonds in Nissan with Mitsubishi, the smaller competing with the technology of hybrid components and a strong fingerprint in Southeast Asia.

“I regret this way,” Maybe told reporters when the merger conversations collapsed. However, according to people familiar with MIBE thinking, one of the renewed conditions for a renewed view is that Uchida descends.

“If discussions arise about business integration again, we will not fully exclude the possibility of resuming discussions,” said Honda.

The sudden collapse of the Honda Nissan deal, which is wrestling with low sales and the payment of debt on the horizon, and scrambled to find an alternative partner to secure his survival.

Foxconn had been going on for months, which last week confirms its interest in obtaining Nissan’s shares as a way to secure contracts for the manufacture of electric cars. John Seiki, the former colleague who was running for the past against Oshida to become the CEO of Nissan, is now the chief strategy official in the EV’s Foxconn, and led the obstacle to Renault, to buy Nissan’s shares.

However, when Nissan becomes increasingly weak and the Japanese establishment seeks to ward off Foxconn, which is seen as very close to China, the most radical proposals are also floated.

Global Private Parking Groups – including KKR, which owns Marelli, a major Nissan supplier – has been asked to think about investing in the company, according to three people who have knowledge of discussions.

People added that some of the advisers were trying to collect unions to exchange costs and risks involved in buying a company that needs a deep restructuring. One of the suggestions is looking at the participation of American auto companies, which want to secure more local factories to move in the tariff system for President Donald Trump.

“Any buyer can have a custody: you can enter immediately or wait for them to be exposed to the problem and the brand decreases. Cosstees do not need to rush to buy the company.” James Hong, a Macquarie analyst, said, “It is Nissan who is in a hurry.”

The Nissan Renault partner is also studying his options because it revitalizes conversations with Foxconn, which dealt with the group late last year about buying some of its shares in Nissan.

The French auto company is committed to its alliance with Nissan, but it wants to sell a large part of 36 percent that it still owns in the Japanese group at a premium price. Renault refused to comment.

Nissan faces a waxing flow crisis on the horizon if sales continue to decrease. The company owns 1.2 Train (6.6 billion dollars) of net cash, but its combustion is 506 billion in the first nine months of the fiscal year.

The inspector says that Nissan needs to make sure that it has sufficient cash insulating, not only to finance the costs of restructuring, but also to avoid a “vicious cycle” of interest rates on its loans that rise due to the potential credit rating. Its bonds are classified as a scrap by the S&P and clinging to the status of investment from other classification agencies.

Mizuho Financial Group and Nissan Main Bank and one of the main actors that prompted the integration process with Honda are trying to find ways to pump liquidity into the group.

Motoo Nagai, former CEO of Mizuho and Yassoshi Kimura, Chairman of the Board of Directors, was the only members who expressed his support for Honda’s sub -suggestion.

The bank now explores the financing solutions that involve private stock groups, according to the people familiar with the matter. Mezoho refused to comment.

Oshida said on Thursday that he wanted to step down when Nissan returned to the recovery path, but would go soon if he asked for it.

“My responsibility is really important..[but] Stroke without any improvement is irresponsible. “It is not my intention to stick to this situation.”