Nissan pursuing a deal with Honda indicates the former is in “panic mode,” according to Carlos Ghosn, 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 hard to find.”
Honda confirmed this week is considering several options, including a mergercapital tie-up or formation of a holding company with Nissan. Although Hon Hai Precision Industry has shown interest in Nissan, the Taiwan-based manufacturer of iPhones is also known as Foxconn. puts his hunt on iceaccording to a report Friday.
