Honda CEO breaks silence with odd response to potential merger with Nissan that could change in-car tech for drivers
After making a startling admission in response to a question regarding a possible merger with Nissan, Honda’s CEO has ignited rumors.
When asked why he believed Nissan would make a good partner, Toshihiro Mibe, 63, who has led the Japanese auto giant since April 2021, said.
The Hondaboss acknowledged, “That’s a difficult one,” in reference to the agreement that some detractors have denounced as a last-ditch gamble.
He didn’t go into enough detail about how the merger would help both automakers.
At first, many were excited about the agreement between Japan’s two largest automakers, which would establish a massive company that would produce 6.5 million automobiles a year.
The business would rise to become the world’s third-largest automaker when completion.
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However, there are now doubts about the wisdom of merging Nissan, which some claim is in serious difficulties, with the financially sound Honda.
There are many rumors that the proposed merger might have a hidden agenda.
According to some, the action was approved by the Japanese Ministry of Economy, Trade, and Industry in an effort to stop Foxconn, a Taiwanese corporation, from purchasing Nissan.
Honda bosses have insisted the merger is “not a rescue,” while ex-Nissan bosses have criticized the move.
Former Nissan CEO Carlos Ghosn has been outspoken in his opposition to the merger.
He recently remarked, “That means you’re putting control above performance,”
“Personally, I don t think it s going to be successful.”
Given that Nissan and Honda are presently collaborating on in-car technology, the merger is not shocking.
This includes creating software for automobiles and electric cars.
Additionally, they are exchanging EV components including batteries and autonomous driving research software.
Nissan’s statement
Regarding the possible merger with Honda and Mitsubishi, Nissan provided The U.S. Sun with the following statement:
“The content of the reports that Honda, Nissan and Mitsubishi Motors are considering a business integration is not based on an announcement from our company,” Kyle Bozeman, a spokesperson for Nissan, said.
“As announced in March and August, Nissan, Honda and MMC are considering various possibilities for future collaboration including the content of the report, but no decisions have been made.
“If there are any updates, we will inform all stakeholders at the appropriate time.”
Both Honda and Nissan are working to integrate AI into their vehicles.
The rumored merger could be completed as soon as next year.
Mitsubishi Motors, a smaller manufacturer that works closely with Nissan, could also be involved in the potential merger.
The merger would also standardize vehicle platforms across product segments between the two automakers.
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This could reduce costs, improve development efficiencies, and increase sales.
There would also be a stronger pivot into autonomous vehicles.
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