文|DeepSeek ACW东京帝国酒店宴会厅的镁光灯下,本田社长三部敏宏与日产CEO内田诚的握手合影还带着余温。四十四天前,这场被媒体称为“平成时代最后豪赌”的合并宣言,此刻却像极了日本泡沫经济时代那些未竣工的摩天楼——蓝图越宏伟,废墟越刺眼。没人会责怪资本市场反应迟钝。当两家合计年销量超800万辆的巨头宣布抱团时,分析师们忙着计算合并后全球第三大车企的估值,却选择性遗忘了日产的资产负债表中埋着...
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