Part 2/9:
The initial concept of a merger was positioned as a means for both companies to join forces within the competitive automotive market. However, the reality was starkly different. Honda seemed poised to take the lead in this union, compelling Nissan to become a subsidiary rather than an equal partner—something Nissan staunchly rejected. With Honda being financially robust compared to Nissan, the latter's reluctance to merge under Honda's terms was viewed as an irrational ego-driven decision, especially given Nissan's troubling financial landscape.