TOKYO (Reuters) - Shares of Japanese automaker Mitsubishi Motors ( MMTOF ) rose more than 6% on Monday following local media reports the company is in talks to join an alliance between Nissan Motor ( NSANF ) and Honda Motor ( HMC ).
The three Japanese automakers are considering teaming up to standardise in-vehicle software that controls cars, several media outlets, including Kyodo and the Nikkei business newspaper, said.
Spokespeople for all three companies declined to comment.
Nissan ( NSANF ) and Honda ( HMC ) said in March they were considering a strategic partnership to collaborate on producing electric vehicle components and artificial intelligence in automotive software platforms.
Shares of Mitsubishi Motors ( MMTOF ) were up 6.4% in late morning trade, while those of Nissan ( NSANF ) rose 2.4% and Honda's ( HMC ) gained 2.7%.