Honda, Nissan, and Renault's merger may take on a new direction, per Bloomberg. According to the outlet, Honda is worried that Renault, which owns about 35 percent of Nissan, may be bought up by a third party while the deeply complex merger works its way toward completion.

Honda is hoping Nissan can buy back Renault's shares. But it'll cost billions. The plot thickens in the proposed merger between Honda and Nissan. Those familiar with the corporate automotive space will know French automaker Renault currently owns 35.

The Honda-Nissan merger would be a historic move if it happens, but French automaker Renault has already put an unexpected bump in the road.

It hasn't been a month since two Japanese automakers, Honda and Nissan, officially announced their merger plans, but it appears that it's already facing a major hurdle. According to reports coming from Japan,

Nissan now faces an uphill battle to triple its profits by 2026 or risk losing Honda. Honda’s financial stability highlights the stark contrast to Nissan’s weak earnings outlook. Nissan’s cuts haven’t solved its biggest problem,