Nissan - Honda merger off

Yeah, I read that too. Seems they didn't like Honda making Nissan a "Sub" company of Honda. 😅
Probably other details we may not know. Hopefully, they'll find a lending partner.
 
From Autoline today;

Nissan plans to reduce its top management positions by 20% as part of a turnaround strategy. The company also plans to restructure its organization to improve decision-making.

Why the changes?

  • To become leaner and more resilient
  • To respond quickly to changes in the business environment
  • To create advancement opportunities for the next generation
  • To enhance decision-making speed
What are the changes?

  • The company will evaluate and reclassify roles and management positions
  • The company will establish clear roles and responsibilities between global and regional functions
  • The company will create a leaner global headquarters

Other cost-cutting measures:

  • Laying off 9,000 workers, which is nearly 7% of its workforce
  • Reducing its global production capacity by 20%
  • Voluntarily cutting CEO Makoto Uchida's monthly compensation by half
  • Reducing fixed costs by 300 billion yen, almost $2 billion
  • Reducing variable costs by 100 billion yen, around $651 million

Nissan's turnaround strategy also includes new model launches, market expansions, and strategic initiatives.
 
Since Nissan is going to reduce global production capacity by 20%, I think it would be interesting to see which companies step in to utilize those idled assembly lines.

Also, wasn't Toyota involved with this too?
 
Make it Datsun again :D
At one time I was super excited for a revival with the Datsun IDx. Too bad it never came along.

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I thought this was a terrible idea right from the beginning. Honda has its issues, yes.. But it's laughable that Nissan thought they'd just get Honda's money but not be a subsidiary of Honda.
Or have Honda manage Nissan. Nissan has an ego that could just put them out of business.

I think Honda was pressured by the Japanese government to merge, but they got out of it!

SMART MOVE! (y)
 
Since Nissan is going to reduce global production capacity by 20%, I think it would be interesting to see which companies step in to utilize those idled assembly lines.

Also, wasn't Toyota involved with this too?
I dont think Toyota was involved directly. I am not sure at this point in the evolution of the car industry if existing plants have much value. There are several manufacturer's that are looking to assemble vehicles using the unboxed / giga casting design that Tesla has pioneered. This process means that with a new greenfield plant things may be executed more efficiently taking cost out of the vehicle.
 
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