Become A Wiser, More Profitable Investor

✅   Nissan's mooted merger with Honda may be best answer to industry's EV problem

Business

Potential deal sounds more like a credible plan for crisis-hit carmaker as its troubled alliance with Renault hits a dead end Until recently, the plan at crisis-hit Nissan was to muddle through somehow. About 9,000 job losses were announced last month out of a global workforce of 130,000. Production capacity was cut by 20%. There was some muttering about seeking a new anchor investor because the troubled 25-year alliance with Renault of France was heading up a dead end. None of it appeared to be a sufficiently radical response to a self-described “severe situation” and a plunge in Nissan’s stock market value to a clapped-out $8bn (£6.3bn).It seems its management now agrees.

The Guardian     Dec 18, 2024