Honda, Nissan and Mitsubishi drop their talks on business integration

Maybe they should have waited until after they had an agreement ironed out before announcing the merger.

This is the one Nissan article where Ghosn wasn't mentioned. Good!

"The foolish ones said to the wise, ‘Give us some of your oil; our lamps are going out.’"

Nissan's board cannot humbly accept the hole they dug themselves into after they tried to destroy Carlos Ghosn. Ghosn wanted the partnership of Renault and Nissan evolve into a single entity. But Nissan's board didn't want to become a subsidiary to a French company. So they staged a coup and had Ghosn arrested with accusations the board allowed for years. Nissan lost some $15 billion in revenue and had to lay off thousands of employees.

Anyone who plans to do business with Nissan should learn from what happened to Carlos Ghosn.

Immediately after the December announcement Carlos Ghosn said this integration made no sense as it wouldn't produce any synergies.

“The intent was to join forces to win in the global competition, but this was not going to realize Nissan's potential, so I could not accept it,” he told reporters.

Pride goes before a fall.

If Nissan had merged with Renault way back when, assuming the same Renault share price performance, Nissan would be more valuable than Honda today....

So much for Japanese Govt. Industrial 'Policy'...

Nissan will bleed lots of cash this year, serious debt servicing on horizon, hardly position of strength, so similar to the failed Ukraine 'strategy'. Now impossible to bail out either. Wonder which worse on a 'relative' basis?

Good For Japan.

Honda would be better off progressing ALONE, Well Done Honda.

At least two Chinese EV automobile makers expressed interest and has the cash to do it but Nissan has yet to respond, may be it will now!???

As soon as Gohn left I knew they would go down the toilet

The company that gave the world the Datsun 1600 and the Fairlady Z.

What a shame.

gary

I can't say that I'm surprised. Nissan is too proud to let me someone else call the shots. It looks like they'd rather wither away on the vine by themselves rather than even try to thrive with another company calling the shots. I would wish them luck but it's clear they are fairly delusional to their current situation.

Honda would be better off progressing ALONE, Well Done Honda.

101% AGREE!!! Honda would lose many of its loyal customers eventually if they'd become one entity with an inferior company such as Nissan. Sorry Nissan but "cost-cutting" alone is not what customers want, it's quality. However, with EV's being the next "standard" in cars I do believe Honda may need a partner to be more competitive. I hope they find the right match.

Toyota seems to like joint ventures. Maybe Nissan can grovel over that direction for some $$$.

Nissan is already a bankrupt company and there are only 2 solutions. That a foreign multinational company buys it in a takeover or the simple dissolution thus leading to the total disappearance of the company itself.

There is no other alternative. The bad news is that many people will lose their jobs regardless of Nissan's own decision.

What Nissan really needs is a management Overhaul, feel sorry for all the hard working people on the floor who gave the company years of service and now face layoffs when what is needed is a fresh start from the top.

Toyota seems to like joint ventures. Maybe Nissan can grovel over that direction for some $$.

Actually, I think Toyota does joint ventures rather cautiously and doesn't seem to make the same HUMONGOUS disasters which Mercedes made with Chrysler or the entire Stelantis debacle. Platform sharing and cost-cutting alone is not what draws and keeps customers to your showrooms. It's trust built on dependable and quality engineering. The resale values of vehicles tells a lot about this point.

To be taken over by the Japanese government and becoming a state owned coporation, problem solved.

The Rolls-Royce was state owned in 1970s early, not a bad idea !