Manus Cranny’s Post

Transcript

Is this a pragmatic deal, Carlos, or a desperate roll of the dice? No, in my opinion, it's a desperate move. It's not a pragmatic deal because frankly the synergies between the two companies are difficult to find. There is practically no complementarity between the two companies that are on the same markets. They are the same products. The brands are very, very similar. So in a certain way, from one side, Nissan, it's a desperate move to try to find the future. And from the other side, Honda, which if I understand. Well, they were not very excited about this move, but you know, you have to count with Matty in Japan. That means the meti had the big had a big say into it. So at the end of the day, they trying to figure out something that could marry the short term problems of Nissan and the long term vision of Honda. Do you think Nissan Nissan is being put? Do you think Hondas being pushed into this deal by the economy ministry? There's politics pushing this deal, Carlos rather than. The value of the deal. Without any doubt for me, that mean having lived in Japan for so many years, I understand how influence can dementia be. And I can tell you that mean from all the data that they received about the performance of Nissan, which has been miserable for the last, at least for the last two to three years. They have cash problem, they have investment problems. They're being really hammered in the United States. They got practically out of Europe. They're being challenged in China and there is no plan in front of it. So I can tell you that means there is panic mode inside Nissan. Well, they're in panic mode and then it then pushes, pushes the idea that there's the economy ministry, as you say, are in a do whatever it takes moment for Nissan. Yeah, well, there is, in my opinion, there is no industrial logic to it. But as you know, there is a moment where you have to choose between performance and control. Obviously if you can have both, it's the the the better. But there are moments where you have to choose. And without any doubt with the manatee and everything I know from it, they prefer control on performance. So they pushed Honda into the deal without any doubt.