Ghosn on Nissan-Honda Deal

Former Nissan Motor Co. chairman Carlos Ghosn has described the potential merger between Nissan and Honda as a "desperate move" during a Bloomberg Television interview. He suggested that Nissan is in "panic mode" and expressed doubts about the merger’s feasibility, citing difficulties in identifying synergies between the two companies, which operate in the same markets with similar brands and products.

Honda recently confirmed it is exploring various options, including a merger, capital tie-up, or establishing a holding company with Nissan. Ghosn speculated that the deal's push might be driven by Japan’s Ministry of Economy, Trade, and Industry.

In related news, Taiwan-based Foxconn, known for manufacturing iPhones, expressed interest in Nissan. However, they have decided to pause their pursuit, according to Bloomberg News.

Ghosn explained Foxconn's interest, suggesting that acquiring an existing automotive company would be more practical for entering the electric-car market than building a new one.

The former chairman is also engaged in a lengthy legal dispute with Nissan, stemming from his arrest and removal from the company over six years ago. Nissan accuses Ghosn of under-reporting income and misusing company assets, allegations he denies, claiming damage to his reputation and finances by the company.

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