As Honda and Nissan work toward a merger, Mitsubishi may opt to stay independent
The two Japanese carmakers had initially planned to detail their merger at the end of January. Honda is said to be taking a close look at Nissan 's restructuring measures before going ahead. Mitsubishi may stay independent, preferring partnerships over full merger with Honda and Nissan . The automotive world was caught off guard in December when Honda and Nissan revealed they were in discussions to merge into a single company.
Nissan has already announced plans to slash 9,000 jobs worldwide, cut global capacity by 20%, and introduce early retirement programs at three U.S. plants. However, despite these measures, Kyodo News reports that Honda remains unconvinced and expects Nissan to implement even more aggressive cost-cutting strategies. What About Mitsubishi? Then there’s Mitsubishi, which has been loosely included in these discussions but seems less than eager to sign on.
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