TOKYO (Reuters) – Former Nissan CEO Carlos Ghosn solid doubt on the success of a potential merger between Honda (NYSE:) and Nissan, saying the latter’s plans “do not make sense” throughout a press convention Monday.
Honda and Nissan are anticipated to announce the beginning of commerce integration talks, two individuals aware of the matter informed Reuters, because the automakers battle to outlive in a quickly altering industrial panorama.
“From an industrial viewpoint, there are duplications in all places” between the 2 teams, mentioned Ghosn, believing that complementarity was essential in a merger however that none existed between Honda and Nissan.
“If this merger takes place… personally, I do not assume it can succeed,” he added, talking on-line from Lebanon, the place he presently resides.
Ghosn fled Japan in December 2019 whereas awaiting trial on fees of underreporting income, breach of belief and embezzlement of firm funds.
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