Quote:
Originally Posted by trollface
Japanese Govt won't let Nissan fail. Prob made one of the big two bail them out.
|
According to different news media, the Japanese gov almost certainly had a hand in bringing Nihon together. Foxconn had been trying to get into the EV space for a few years without much success, and Nissan's imminent failure represented an excellent opportunity for them to gain a decent foothold into the space at pennies on the dollar. But the automotive sector remains one of Japan's biggest economic strengths in the world economy, and the Nippon gov didn't really want their 3rd biggest auto manufacturer getting scooped up by foreign ownership (again?), so the rumour mill was strong that the gov applied some degree of encouragement / "encouragement" to get Honda to save Nissan.
Apparently, except for Honda and Nissan, all other (Japanese) auto manufacturers already has some degree of collaboration with or partial ownership by Toyota. So I guess that made Honda the only or the most viable option to take on Nissan?
Reportedly, the merger will bring some benefits to Honda as Nissan has a somewhat stronger European presence than they do. Personally, I am a little skeptical of that because Nissan doesn't seem all that strong in Europe either, and their European factory is also in the UK (just like Honda).