The former president does not see complementarity between the two car manufacturers
Honda and Nissan merger plan “cannot work”. This was said by the former head of Nissan, Carlos Ghosn, who fled Japan at the end of 2019 and is awaiting trial on charges of financial illicit acts, explaining that the integration plan between the two Japanese car manufacturers “sees limited potential for synergies between their activities”.
During an online press conference marking the fifth anniversary of his escape to Lebanon, Ghosn – who led Nissan for nearly two decades starting in 1999 – criticized his struggling former company, saying it had “lost sight of what is happening in the automotive sector” and accusing it of not having a vision to revive the collapse in sales.
According to the former tycoon, furthermore “there is no complementarity between the two manufacturers, because they are strong in the same sectors and weak in the same fields. There are duplications everywhere. Therefore, from an industrial point of view the merger makes no sense”. The integration agreement between the second and third largest car manufacturers in Japan, which could also be joined by Mitsubishi, would create the third largest group in the world with a production of 8 million vehicles, behind Toyota and Volkswagen.
