BRIEF-Honda CEO Mibe: This Is Not A Rescue Of Nissan

Reuters12-23 17:17

BRIEF-Honda CEO Mibe: This Is Not A Rescue Of Nissan

Dec 23 (Reuters) -

NISSAN CEO UCHIDA: MY JOB IS TO CARRY OUT TURNAROUND PLAN, RETURN TO PROFIT AND POSITION NISSAN FOR AN INTEGRATION WITH HONDA
HONDA CEO MIBE: SYNERGY EFFECT FROM INTEGRATION WITH NISSAN WOULD BE MAXIMISED AFTER 2030
HONDA CEO MIBE: RISE OF CHINESE AUTOMAKERS, NEW PLAYERS HAS CHANGED CAR INDUSTRY QUITE A LOT, WE MUST BUILD UP CAPABILITIES TO FIGHT WITH THEM BY 2030, OTHERWISE WE'LL BE BEATEN
HONDA CEO MIBE: THIS IS NOT A RESCUE OF NISSAN
HONDA CEO MIBE: MEDIA REPORTS COULD HAVE PROPAGATED VIEW THAT IT'S HONDA'S BAILOUT OF NISSAN AND OUR SHARE PRICES WENT DOWN, BUT THAT'S NOT THE CASE
HONDA CEO MIBE: NISSAN'S TURNAROUND IS A PREREQUISITE
HONDA CEO MIBE: WE WANTED TO MAXIMISE SHAREHOLDER RETURNS WITH THE 1 BILLION-SHARE BUYBACK
HONDA CEO MIBE: WE AREN’T INTEGRATING TO RATIONALISE OPERATIONS AND CUT OUTPUT, RATHER WE AIM FOR EXPANSION
NISSAN CEO UCHIDA: WE WILL KEEP WORKING WITH RENAULT, AS A PARTNER, ON PROJECT BASIS IF THERE'S SYNERGY
HONDA CEO MIBE: NO PLAN TO CHANGE OUR RELATIONS WITH GM
NISSAN CEO UCHIDA: IT WAS MANAGEMENT'S RESPONSIBILITY THAT BROUGHT NISSAN TO THE DIFFICULT SITUATION IT'S IN TODAY
HONDA CEO MIBE: COMPETITION INCLUDING AGAINST EMERGING PLAYERS WILL INTENSIFY BUT WE WANT TO LEAD THE WORLD ONCE AGAIN AND THESE TALKS WITH NISSAN ARE A STEP FORWARD

Further company coverage: 7201.T 7267.T

(Reporting by Kantaro Komiya)

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BY 2030, OTHERWISE WE'LL BE BEATEN</p></li><li><p>HONDA CEO MIBE: THIS IS NOT A RESCUE OF NISSAN</p></li><li><p>HONDA CEO MIBE: MEDIA REPORTS COULD HAVE PROPAGATED VIEW THAT IT'S HONDA'S BAILOUT OF NISSAN AND OUR SHARE PRICES WENT DOWN, BUT THAT'S NOT THE CASE</p></li><li><p>HONDA CEO MIBE:  NISSAN'S TURNAROUND IS A PREREQUISITE</p></li><li><p>HONDA CEO MIBE: WE WANTED TO MAXIMISE SHAREHOLDER RETURNS WITH THE 1 BILLION-SHARE  BUYBACK</p></li><li><p>HONDA CEO MIBE:  WE AREN’T INTEGRATING TO RATIONALISE OPERATIONS AND CUT OUTPUT, RATHER WE AIM FOR EXPANSION</p></li><li><p>NISSAN CEO UCHIDA:  WE WILL <a href=\"https://laohu8.com/S/03650\">KEEP</a> WORKING WITH RENAULT, AS A PARTNER, ON PROJECT BASIS IF THERE'S SYNERGY</p></li><li><p>HONDA CEO MIBE:  NO PLAN TO CHANGE OUR RELATIONS WITH GM</p></li><li><p>NISSAN CEO UCHIDA:  IT WAS MANAGEMENT'S RESPONSIBILITY THAT BROUGHT NISSAN TO THE DIFFICULT SITUATION IT'S IN TODAY</p></li><li><p>HONDA CEO MIBE:  COMPETITION INCLUDING AGAINST EMERGING 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