日産 フォンハイとホンダから買収、合併提案 いずれの選択も根本改革必須
本文
日産自動車は経営不振に陥る中で、台湾の鴻海精密工業からの買収提案と、国内競合のホンダとの経営統合という二つの選択肢を検討している。鴻海は日産の工場設備だけでなく会社全体の買収を目指し、EV製造分野への進出と自動車製造ノウハウの獲得を狙っている。一方、ホンダは日産との経営統合を含めた選択肢を検討しており、統合によってEVや自動運転などの新技術開発コストを削減し、世界規模での競争力を強化したい考えだ。ホンダと日産の統合には、三菱自動車が加わる可能性も示唆されている。
それぞれの思惑には課題もある。日産は販売不振や業績悪化に直面しており、抜本的な経営再建が必要だが、ルノーをはじめとする株主は自力再建を望んでいる。ホンダは二輪事業が好調な一方で、四輪事業の収益性が低迷しており、統合によって新技術開発の負担軽減を図りたい。鴻海は買収による生産設備の獲得とEV市場での存在感拡大を目指しているが、ホンダと日産の交渉を見極めつつ方針を決める構えだ。
専門家の間では、日産とホンダの統合が「弱者連合」とみなされる一方で、短期的には日産の救済、長期的にはホンダの技術開発負担軽減という効果が期待される。統合には事業領域の重複や調整など課題が多く、EV市場での競争力強化が果たせるかは不透明だ。いずれの選択肢を選ぶにしても、日産には抜本的な業績改革が求められる。
今後、ホンダと日産の交渉の進展や鴻海の動向が焦点となり、日産の経営再建の行方に大きな影響を与えるだろう。
English
Nissan Motor Company, currently facing financial difficulties, is considering two options: an acquisition proposal from Taiwan's Hon Hai Precision Industry (Foxconn) and a potential business integration with Honda, a domestic competitor. Hon Hai aims to acquire not only Nissan's manufacturing facilities but the entire company, seeking to advance its entry into the EV manufacturing sector and gain automotive production expertise. Meanwhile, Honda is exploring options, including a business integration with Nissan, to reduce development costs for new technologies like EVs and autonomous driving and to strengthen its global competitiveness. Mitsubishi Motors is also reported to potentially join this integration.
Each stakeholder has its challenges. Nissan faces declining sales and deteriorating performance, requiring a significant business overhaul. However, its shareholders, including Renault, prefer self-reliant recovery. Honda, while performing well in its motorcycle division, struggles with low profitability in its automobile business and sees integration as a way to alleviate the burden of new technology development. Hon Hai aims to secure manufacturing facilities and expand its presence in the EV market but is observing the progress of Honda-Nissan negotiations before finalizing its approach.
Experts view the potential Honda-Nissan integration as a "union of the weak," casting doubt on whether it can achieve dominance in the EV sector. Nonetheless, it is expected to provide short-term relief for Nissan and long-term benefits for Honda by reducing technological development costs. The integration faces significant challenges, including overlapping business areas and the complexity of coordination, leaving the question of strengthening EV market competitiveness uncertain.
Whichever option Nissan pursues, substantial business reform is imperative. The progress of negotiations between Honda and Nissan and the developments in Hon Hai's strategy will play a crucial role in determining the future of Nissan's recovery efforts.
参考文献
https://www.bloomberg.co.jp/news/articles/2024-12-17/SONF2MDWRGG000