Honda-Nissan - Business Outrank

According to Bloomberg, Renault SA, the biggest owner of Nissan Motor Co., has rejected the proposed Honda-Nissan merger after calling the terms “unacceptable”. This is because, although Renault holds a 36% stake in Nissan, it demanded a premium to give up control, which the deal did not provide. This was, nevertheless, presented as a merger, not an acquisition, as both companies sought to address the global challenges and strong rivalry from Chinese electric car makers. However, this structure was a concern as the plan sounded like an acquisition by Honda and not a merger since Honda would have controlled the majority of the merged company and would have chosen most of the directors. This is not surprising as Nissan is still recovering from the crisis that erupted in 2018 when its then-Chairman, Carlos Ghosn, was arrested. Nissan is also expected to be negative this fiscal year as well as in the past. Although the company turned down the merger offer, Renault stated that it still endorses Nissan’s transformation plan and will keep on with the joint alliance projects. The current world automotive industry is also very fierce and thus companies such as BYD are becoming a threat. Given the current situation in the market, it is possible that Renault and Nissan will choose to partner rather than merge in order to stabilize the market and improve their standing.

What's Hot

SIR Ratan Tata’s TCS Faces Rs 53,185 Crore Market Loss Amid Bearish Trends

Anand Mahindra Took to X to Hail Virat Kohli’s Iconic 51st Century Against Pakistan

Adani Group Pays Rs 58,104 Crore Tax in FY24, Marking Major Growth in Contributions

Virus Susceptibility in Species: Study Reveals Surprising Findings

Effective Yoga Poses to Naturally Manage Blood Sugar Levels

Health Budgets Of States Fall Below 8%, Missing National Health Policy Targets

The Connection Between Diet and Organic Skincare – Foods for Healthy Skin

Priyanka Chopra’s Stunning Desi Look Steals the Spotlight at Her Brother’s Wedding Festivities

Jana Nayagan: Vijay Wields a Whip in Stunning 2nd Look Poster, Thrilling Fans

Assam’s Jatin Goswami Honored with Padma Bhushan for Sattriya Legacy

Vijay Vikram Singh Urgently Appeals for Respect Amidst Intense Backlash from Rajat Dalal Fans: ‘I Am Not Bigg Boss

Hindon: Incredible Air India Express Flights to Start from March 1 with Low Fares

Indian government approves Singapore Airlines bid to merge Vistara and Air India

Independence Day and Raksha Bandhan Fuel Airbnb Travel Rush

Virus Susceptibility in Species: Study Reveals Surprising Findings

Hindon: Incredible Air India Express Flights to Start from March 1 with Low Fares

Bachchan’s ₹83 Crore Duplex Sale Sparks Unbelievable Investment Growth

Kartik Aaryan’s Fitness Secret: How He Achieved a Stunning Transformation

Browsing: Honda-Nissan

Renault Rejects Honda-Nissan Merger Over Unacceptable Terms

SIR Ratan Tata’s TCS Faces Rs 53,185 Crore Market Loss Amid Bearish Trends

Anand Mahindra Took to X to Hail Virat Kohli’s Iconic 51st Century Against Pakistan

Adani Group Pays Rs 58,104 Crore Tax in FY24, Marking Major Growth in Contributions

Is the Government Favoring Tesla Over Tata & Mahindra?

Our Picks

SIR Ratan Tata’s TCS Faces Rs 53,185 Crore Market Loss Amid Bearish Trends

Anand Mahindra Took to X to Hail Virat Kohli’s Iconic 51st Century Against Pakistan

Adani Group Pays Rs 58,104 Crore Tax in FY24, Marking Major Growth in Contributions

Most Popular

SIR Ratan Tata’s TCS Faces Rs 53,185 Crore Market Loss Amid Bearish Trends

Harvesting Hope: Rahul Gandhi’s Empathy in Action with Farmers before 2024 Elections

Is Modi Afraid? Congress Leader Accuses PM of Targeting Rahul Gandhi

Subscribe to Updates

What's Hot

Browsing: Honda-Nissan