If the merger is to move forward, a well comprised restricting plan is game breaker
According to a report by Nippon.com, Honda Motor Co. has proposed a plan to buy shares in Nissan Motor Co. The move would make Nissan a subsidiary of Honda. According to the report, Honda wants to increase its involvement in Nissan’s management to “help accelerate its turnaround efforts.”
From the report:
It is, however, unclear whether the proposal will be accepted by Nissan, which is strongly opposed to Honda taking control of its management.
In December, the two Japanese automakers said that they would start talks on establishing a holding company to merge their operations.
According to the report, Nissan has struggled to compile a plan. Those struggles are a sticking point for Honda. If the merger is to move forward, a well comprised restricting plan is game breaker, according to the report.
This is an ongoing story. Check back for details.
Photo by Frank Albrecht for Unsplash.
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