• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

Former Nissan CEO Ghosn casts doubt on success of Nissan, Honda alliance

by December 23, 2024
written by December 23, 2024

TOKYO (Reuters) – Former Nissan (OTC:NSANY) chief executive Carlos Ghosn cast doubt on the success of a potential merger between Honda (NYSE:HMC) and Nissan, saying the latter’s plans “do not make sense” at a press conference on Monday.

Honda and Nissan are expected to announce the start of business integration talks, two people familiar with the matter told Reuters, as the carmakers strive to survive a rapidly changing industry landscape.

“From an industrial point of view, there is duplication everywhere” between the two firms, Ghosn said, saying complementarity was necessary in a merger but none existed between Honda and Nissan.

“If this merger takes place … personally I don’t think it’s going to be successful,” he added, speaking online from Lebanon, where he is currently based.

Ghosn fled Japan in December 2019 as he awaited trial on accusations of under-reporting earnings, breach of trust, and misappropriation of company funds.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Taiwan stocks lower at close of trade; Taiwan Weighted down 1.84%
next post
Japan stocks higher at close of trade; Nikkei 225 up 1.16%

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 5, 2025
    • This California startup is cleaning water and removing CO₂ from the atmosphere — all at a reduced cost

      June 5, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (504)
    • Stock (6,426)

    Latest News

    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

    Popular News

    • ‘Deadpool & Wolverine’ helps Disney beat earnings forecasts
    • Top Stock Gainers & Losers: PRCT Stock +32%, PHG -16% Drop

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy