Reported 3 months ago
Foxconn, known for making iPhones, is reportedly in discussions with Renault, Nissan's major shareholder, regarding the potential sale of Renault's shares in Nissan. This comes as Nissan faces financial difficulties and is considering a merger with Honda to bolster their competitiveness against major players like Toyota. Foxconn's interest in Nissan could create complexities in the merger talks, as Honda has threatened to withdraw its partnership with Nissan if Foxconn proceeds. The negotiations between Foxconn and Renault are ongoing in France.
Source: YAHOO