Former Nissan CEO Carlos Ghosn criticizes Nissan-Honda merger plan
Former Nissan CEO Carlos Ghosn has criticized the reported merger plan between Nissan and Honda, stating that there is no complementarity between the two companies. Ghosn believes that Nissan's decision to turn to its archrival Honda, which has no experience with alliances, shows that Nissan is in trouble. He also suggests that Nissan's announced plans do not make sense and that the company is surrendering in a panic mode. Ghosn warns that Nissan will face difficulties in competing with Chinese companies like Tesla and Toyota.