TOKYO, Jan 31 (News On Japan) –
Honda and Nissan’s negotiations over a possible enterprise integration have hit a roadblock, with issues that Nissan’s restructuring measures are insufficient.
The two automakers started discussions final month, initially aiming to find out a course by the top of this month. However, each corporations acknowledged that they’re nonetheless within the midst of assorted discussions and have determined to postpone their determination till mid-February.
Honda President Toshihiro Mibe (Last Month):
“To be frank, as I mentioned earlier, there is a possibility that this may not come to fruition.”
A key situation for the mixing is Nissan’s implementation of restructuring measures as a consequence of its ongoing monetary struggles. However, sources point out that Honda views Nissan’s restructuring plans, significantly in North America, as inadequate.
A Honda consultant stated:
“Honestly, it all depends on Nissan. The real question is whether Nissan executives can make concrete restructuring decisions with a sense of urgency.”
A Nissan consultant countered:
“Our restructuring plan is something we will execute on our own. The real decision lies with Honda.”
Some sources warn that if an announcement is just not made by the 2 corporations’ earnings launch on February 13, the deal might collapse. The talks on this “historic business integration” have now reached a important stage.
Source: TBS