Reported about 11 hours ago
Hon Hai Precision Industry Co. has expressed interest in purchasing Renault's 36% stake in Nissan Motor Co., potentially aiding the struggling Japanese automaker. Chairman Young Liu mentioned that they are exploring cooperation with Nissan and Honda, shifting focus towards electric vehicles amidst a decline in smartphone sales. While Hon Hai is open to considering a stake purchase if operationally necessary, their primary goal remains cooperative partnerships rather than mergers.
Source: YAHOO