Deals
Honda Explores Nissan Rescue With Foxconn Also in Hunt for Stake
- Various entities have circled Nissan after years of missteps
- Foxconn interest is part of attempt to invest in EV making
This article is for subscribers only.
Honda Motor Co. is in talks to come to the aid of Nissan Motor Co. by potentially forming the world’s third-largest carmaker in order to better withstand escalating challenges for the global auto industry.
The two Japanese manufacturers have engaged in merger discussions that appear to have accelerated after Hon Hai Precision Industry Co., the Taiwan-based producer of iPhones known as Foxconn, approached Nissan about acquiring a stake in the company, a person familiar with the matter said. Foxconn has been investing heavily in factories to build EVs.