The CEO has declared that the automaker is in “emergency mode,” signaling a company-wide crisis. In response, Nissan plans to slash 9,000 jobs, postpone upcoming products, and scramble to find a new financial backer to stabilize its operations.

Former Nissan Motor Co. Chairman Carlos Ghosn, who fled Japan while awaiting trial on charges of financial misconduct, said Monday th

Nissan will be the victim of cost-cutting “carnage” if it combines forces with Japanese peer Honda, former Nissan CEO Carlos Ghosn told CNBC on Tuesday.

Nissan chief said. 'It’s not a pragmatic deal because frankly, the synergies between the two companies are difficult to find.”

Former Nissan CEO Carlos Ghosn / When I look at the complementarity between Nissan and Honda, I see none. They are

Former Nissan chief Carlos Ghosn on Monday said the struggling Japanese automaker was in "panic mode" as it prepares to start talks on a merger with industry arch-rival Honda . Ghosn was arrested in Japan in 2018 on suspicion of financial misconduct,

Moody's gave a positive review of the potential merger of Honda and Nissan, but former Nissan CEO Carlos Ghosn warned his old employer would face "carnage" if the combination went through.

SIGN UP for TheStreet’s FREE Daily newsletter 💰💸 While his tenure also brought about landmark products like the all-electric Nissan Leaf and the Nissan GT-R supercar; his tenure with the automaker,

Ghosn believes that Honda will be "in the driver's seat" and any cost cutting measures will heavily impact the much weaker Nissan