Former Nissan Ceo Carlos Ghosn Calls The Nissan-honda Merger Plan A 'desperate Move'

"It's not a pragmatic deal because frankly, the synergies between the two companies are difficult to find," Carlos Ghosn, the disgraced ex-CEO of Nissan, told Bloomberg on Friday.Joseph Eid/AFP via Getty ImagesNissan and Honda are reportedly considering a merger.But former Nissan CEO Carlos Ghosn said the move suggests that Nissan is in "panic mode.""There is practically no complementarity between the two companies," Ghosn told Bloomberg on Friday.The potential merger between Japanese automakers Nissan and Honda is a "desperate move," said Carlos Ghosn, Nissan's former CEO.On Tuesday, Japanese newspaper Nikkei said the two companies are entering into merger negotiations.Pooling their resources would allow Nissan and Honda to better compete against rivals in the electric vehicle space like Tesla and China's EV makers, the outlet reported.Honda and Nissan are the second and third largest automakers in Japan, respectively.