Summary:

With competitive pressures from Chinese automakers, Honda and Nissan are negotiating a merger to create the world's third-largest car company. The merger, driven partly by a potential hostile takeover bid from Foxconn, would give Honda significant control. Mitsubishi is also considering joining the merged entity. However, former Nissan CEO Carlos Ghosn expresses skepticism about the merger's viability and synergy, suggesting it's a desperate move partly influenced by the Japanese government. The deal aims to improve profitability and competitiveness but faces challenges integrating distinct corporate cultures and technologies.

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