Part 3/7:
The Reality Check: Nissan's Resistance
However, Nissan's board appears to be hesitating in its decision to accept Honda's acquisition offer. Amidst discussions of a joint holding company and sharing market responsibilities, Nissan’s leadership is currently grappling with the reality of losing autonomy. Following a glimmer of hope brought forth by Honda's initial proposal, shame and embarrassment over the perceived loss of control led the board to reconsider their stance.
Initial support from some members of Nissan’s executive team, particularly the Chief Financial Officer, hinted at the necessity of the deal. Yet, the overarching sentiment among board members seems to align with a growing desire to retain their corporate identity, despite the undeniable financial jeopardy.