Nissan pursuing a deal with Honda indicates the former is in "panic mode,” according to Carlos Ghosn, the ex-chairman of the struggling Yokohama-based automaker.
"It’s a desperate move,” Ghosn said Friday on Bloomberg Television. "It’s not a pragmatic deal because frankly, the synergies between the two companies are difficult to find.”
Honda confirmed this week it’s considering several options including a merger, capital tie-up or the establishment of a holding company with Nissan. While Hon Hai Precision Industry also has shown interest in Nissan, the Taiwan-based manufacturer of iPhones known as Foxconn is putting its pursuit on hold, according to a report Friday.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.