The negotiations apparently fell apart after both Nissan's Uchida and Honda CEO, Toshihiro Mibe, simply couldn't come to an agreement on the merger's strategy, with fingers mainly pointed at Nissan.
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Struggling Japanese automaker Nissan replaces CEODespite the scrapped talks, Honda's president Toshihiro Mibe has said the automakers would continue to seek "synergy" through a strategic partnership announced in August that also includes Nissan's ...
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Honda Is Still Open To A Nissan Merger If Its CEO Steps DownAccording to FinancialTimes, Honda's CEO, Toshihiro Mibe is willing to restart talks with Nissan about becoming the fourth-largest automaker in the world, but only under the one major condition ...
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Honda's CEO Struggles To Explain Why Nissan Merger Makes SenseWhen asked why Nissan would make a good business partner for the mid-sized automaker, Toshihiro Mibe struggled to find the right words before blurting out something that brought laughter to a room ...
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Honda's CEO, Toshihiro Mibe, attributed the failure of the negotiations to the differences between both companies regarding the creation of a "unified governance system" and an exchange of shares.
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It’s Official: The Honda-Nissan Merger is CancelledHonda CEO Toshihiro Mibe further explained the situation that unfolded, admitting that his company’s final proposal would have had Honda taking full control of Nissan, which in turn would have ...
His position has become untenable but at the same time it's not certain that he will immediately depart, people familiar with the matter have said.
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Nissan announces $2.6 billion cuts after Honda merger crumblesDuring a press conference, Honda CEO Toshihiro Mibe said the merger needed to adapt to new competition in a more difficult world auto industry. "The rise of Chinese automakers and new players has ...
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Japanese automakers Honda, Nissan and Mitsubishi end talks on integrating their businessesHe said that Nissan was going to aim for a turnaround without Honda instead. Honda Chief Executive Toshihiro Mibe said in a separate news conference that Honda had suggested a stock swap to speed ...
Nissan's board of directors will meet on Tuesday to discuss potential successors to CEO Makoto Uchida, who is under pressure to step down due to the Japanese automaker's worsening earnings performance ...
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