Nissan-Honda deal faces big problems in China
If there’s one thing executives at Honda Motor and Nissan Motor need to fix first when – and if – they merge, it’s their China business. The Japanese duo’s sales have been falling for years in the world’s largest car market. Joining forces would allow them to cut costs, not least on the new electric vehicles they need to vie with dominant rivals like BYD . But it’s a go-slow tie-up, and their joint venture partners are wildcards.