Carlos Ghosn's comments reflect a broader concern about the viability of traditional automakers in the face of rapid technological changes, particularly the shift towards electric vehicles.
The merger could be seen as a last-ditch effort for Nissan to stabilize its operations, but Ghosn's critique suggests that without clear synergies, the merger may not yield the desired results.
If the merger proceeds, it may lead to significant restructuring within both companies, potentially impacting jobs and production strategies.
The automotive landscape could see increased competition as the merged entity seeks to challenge dominant players like Toyota and emerging Chinese manufacturers.
Former Nissan CEO Carlos Ghosn has expressed skepticism regarding the proposed merger between Nissan and Honda, stating that the plans 'make no sense.' He highlighted the lack of integration between the two companies and noted that both are struggling in a rapidly evolving automotive industry. Ghosn, who currently resides in Lebanon after fleeing Japan, criticized Nissan's current state, describing it as being in 'panic mode' and 'begging' Honda for a partnership. He emphasized that there is significant duplication in their operations, which undermines the potential success of the merger.
The merger talks, initiated by Nissan and Honda, aim to create the world's third-largest automaker, with Mitsubishi Motors also involved in the discussions. The companies plan to establish a holding company that would be listed on the stock exchange by August 2026, with Honda retaining the right to nominate directors for the new entity. This strategic move comes as Nissan faces financial difficulties, including a recent announcement of job cuts and a significant net loss.
