Carlos Ghosn Skeptical of Honda-Nissan Merger

Former Nissan CEO Carlos Ghosn has expressed skepticism regarding the proposed merger between Nissan and Honda, claiming it lacks strategic rationale and industrial synergy. He highlighted significant overlaps in their operations and stated that such a merger would be 'meaningless' and unlikely to succeed given the absence of complementarity between the two companies. Despite both automakers facing pressures from the rise of electric vehicle competitors like Tesla and Chinese manufacturers, Ghosn believes this partnership would ultimately be a desperate move. The merger aims to create a powerful automotive group capable of competing in the evolving market, potentially boosting annual sales and profits significantly. Honda and Nissan's discussions come amid a challenging landscape for the auto industry, marked by rising EV competition and market struggles in China. Observers note that the merger could allow both companies to pool resources and develop new technologies to better compete in the electric vehicle sector.