Honda is willing to resume takeover talks to create the world’s fourth-biggest car producer if Nissan’s chief executive Makoto Uchida steps down, according to people with knowledge of the deliberations.

Honda Motor will resume talks with Nissan Motor to form the world's fourth-biggest automaker provided Nissan CEO Makoto Uchida steps down, the Financial Times reported on Tuesday citing a person familiar with discussions.

Nissan’s CEO Makoto Uchida faces mounting pressure to step down, raising speculation about whether Honda will revive merger talks.