S&P Global Ratings revised Nissan Motor's credit outlook to negative from stable and affirmed its BB+ rating, as it expected it would take the Japanese automaker longer to improve its business performance.
Nissan's pending merger talks with its archrival Honda may give be its best shot at surviving. The third largest Japanese automaker by volume is struggling in multiple regions around the world, including the US and China.
Nissan Motor Co Ltd is open to pooling with other carmakers in order to reach its CO2 targets in 2025, a spokesperson for the Japanese carmaker in Europe said to Reuters on Thursday.
Carlos Ghosn, Former Nissan chairman and CEO, joins 'Squawk on the Street' to discuss the company's planned deal with Honda.
Former Nissan CEO Carlos Ghosn told CNBC that the company would be "victim of a carnage" if it merges with Honda due to "total duplication" between the Japanese automakers. Honda and Nissan on Monday unveiled plans for a potential business integration in order to compete in the electric vehicle transition.
The automotive industry is abuzz as Nissan and Honda, two of Japan's largest car manufacturers, announced the beginning of talks for a potential merger. The historic integration would bring together Honda's $40 billion market capitalisation and Nissan's $10 billion valuation, aiming to create a global automotive giant.
Nissan and Honda agreed to consider a merger and set up a joint holding company, which would create the world's third-largest automaker.
Nissan and Honda officially begin merger talks which will create the world's third largest automaker with ¥ (Click Here 30tn in sales. Volkswagen shares are flat despite the German giant reaching an agreement with labour unions over annual cuts of €4bn and averting further strikes.
Nissan and Honda have announced they are beginning merger talks. A third Japanese automaker, Mitsubishi, will also participate in the discussions.
Japanese automakers Honda and Nissan have announced plans to join forces, forming world's third-largest automaker by sales.
Former Nissan CEO Carlos Ghosn cast doubt on whether the potential merger between Honda and Nissan will be successful, saying the plans Nissan have "do not make sense" in a press conference on Monday.
Nissan and Honda are reportedly considering a merger. But former Nissan CEO Carlos Ghosn said the move suggests that Nissan is in "panic mode.