Honda dares to remain open to merging with Nissan, but only on the condition that Nissan’s CEO, Uchida, steps down first. This condition is truly peculiar. The memorandum of understanding was just canceled not long ago, and now they want to restart negotiations, showing a remarkable confidence. Nissan’s financial difficulties are well-known, yet they seem to want an equal position in the merger, which is quite perplexing. The departure of CEO Uchida appears to be the key to whether Honda is willing to restart negotiations, as his status seems to be a barometer for their willingness to continue discussions.
Read from: https://www.topspeed.com/honda-still-open-to-nissan-merger-ceo-steps-down/