Honda and Nissan said Friday they will reveal their merger integration outline plan in mid-February. They originally planned to make it public by the end of January.

As talks between the automakers continue, analysts say a combination makes sense but may face hurdles, including short-term financial hardship.

Honda and Nissan have been in merger talks with a goal of coming together by 2026. Despite some hiccups involving Mitsubishi and other challenges, the pair recently said they want to announce some details on the merger by mid-February,

Despite reports that Mitsubishi would not be a part of the Honda-Nissan merger, officially no decision has been made

Honda Motor Co. and Nissan Motor Co. said Friday they will unveil the details of their merger plan in mid-February, having originally

Rather than joining a complete merger with Honda and Nissan, Mitsubishi could work with them while staying independently listed.

Mitsubishi already has ties with Honda and Nissan, and according to Reuters's sources, the automaker may choose to remain independent while continuing its collaboration with Honda and Nissan.

According to sources familiar with the matter, Honda has been pushing Nissan to accelerate its restructuring efforts. In November, Nissan announced plans to cut 9,000 jobs worldwide and reduce its global production capacity by 20 percent after reporting a more than 90 percent drop in net profit for the April-September period.

Nissan Motor will aim to announce the direction of its possible integration with Honda Motor by mid-February, a company spokesperson said on Friday, pushing back the plan from the end of January. The two Japanese automakers have been in talks to explore a merger by 2026,