Potential deal sounds more like a credible plan for crisis-hit carmaker as its troubled alliance with Renault hits a dead end <\/p>\n
Until recently, the plan at crisis-hit Nissan was to muddle through somehow. About 9,000 job losses were announced last month<\/a> out of a global workforce of 130,000. Production capacity was cut by 20%. There was some muttering about seeking a new anchor investor because the troubled 25-year alliance with Renault of France was heading up a dead end. None of it appeared to be a sufficiently radical response to a self-described \u201csevere situation\u201d and a plunge in Nissan\u2019s stock market value to a clapped-out $8bn (\u00a36.3bn).<\/p>\n It seems its management now agrees. The new game is talks with Honda on a full-blown merger<\/a>, which should probably be viewed as a takeover given that the would-be partner is worth four times as much. Either way, the potential deal sounds more like a credible plan: full consolidation creates the possibility of far deeper cost-cuts at what would be the world\u2019s third largest car company producing 8m vehicles a year if Mitsubishi (where Nissan is a large shareholder) is also thrown into the mix.<\/p>\n Continue reading…<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Potential deal sounds more like a credible plan for crisis-hit carmaker as its troubled alliance with Renault hits a dead end Until recently, the plan at crisis-hit Nissan was to muddle through somehow. About 9,000 job losses were announced last month out of a global workforce of 130,000. Production capacity was cut by 20%. There … Read more<\/a><\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-28676","post","type-post","status-publish","format-standard","hentry","category-blog"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/28676","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/comments?post=28676"}],"version-history":[{"count":0,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/28676\/revisions"}],"wp:attachment":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/media?parent=28676"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/categories?post=28676"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/tags?post=28676"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}