The global automotive industry is on the verge of a seismic shift. Honda Motor Co., Ltd. (NYSE: HMC), Nissan Motor Co., Ltd. ...
Lacklustre consumer spending and stiff competition in several markets is making life hard for many automakers.
Honda, Nissan, and Mitsubishi are joining forces to operate together under a single holding company, in a bid to stave off fierce competition globally.
Ghosn believes that Honda will be "in the driver's seat" and any cost cutting measures will heavily impact the much weaker ...