Former Nissan CEO Carlos Ghosn calls the Nissan-Honda merger plan a 'desperate move' [Business Insider]
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Source: Business Insider
"There is practically no complementarity between the two companies. They are on the same markets. They have the same products. The brands are very similar," he added. Ghosn, Nissan, and Honda did not respond to requests for comment from BI. Ghosn, once considered a legend in the auto industry, experienced a dramatic fall from grace in 2018. The former CEO and chairman of the Renault-Nissan-Mitsubishi alliance was arrested in Japan and charged with financial crimes in November 2018. Ghosn was detained in a Japanese jail for over 100 days before he fled the country by smuggling himself to Lebanon in a musical-instrument case in December 2019. The disgraced auto chief has maintained his innocence. Last year, Ghosn filed a billion-dollar lawsuit against Nissan in Lebanon for damaging his finances and reputation. On Friday, Ghosn told Bloomberg that the Japanese government — specifically Japan's Ministry of Economy, Trade, and Industry — was likely behind the Nissan-Honda merg
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