Taiwan’s Foxconn is in talks with French auto giant Renault to buy its major stake in Japanese carmaker Nissan, a report said Thursday, after the Japanese firm rebuffed its inquiries about an investment.
The development comes after reports on Wednesday that Nissan and local rival Honda were in talks about a merger to help them compete against Tesla and Chinese electric vehicle makers.
Foxconn, also known by its official name Hon Hai Precision Industry, is the world’s largest contract…
>
Leave a Reply