Nissan could face cost-cutting ‘carnage' in Honda merger, Carlos Ghosn says [CNBC]
RENAULT SA UNSP/ADR (RNLSY)
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Source: CNBC
Honda and Nissan on Monday unveiled plans for a potential business integration in order to compete in the electric vehicle transition. Ghosn, who faces financial misconduct charges in Japan, said Nissan appeared as if it is “looking for somebody to save them from the situation” as it grapples with waning sales and profit. Nissan will be the victim of cost-cutting “carnage” if it combines forces with Japanese peer Honda , former Nissan CEO Carlos Ghosn told CNBC on Tuesday. “I think, without any doubt, Honda is going to be in the driver's seat, which is very sad to see after having led Nissan for 19 years [and] brought Nissan to the forefront of the industry, to see that they're going to be the victim of a carnage, because there is total duplication between Nissan and Honda,” he told CNBC's “Squawk Box Europe.” Ghosn, who once led three automakers as part of the Nissan-Renault-Mitsubishi alliance, has been residing in Lebanon after being arrested in Japan in November 2018 and
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