Foxconn in Talks With Nissan Shareholder Renault, CNA Says [Yahoo! Finance Canada]
Honda Motor Company, Ltd. (HMC)
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Source: Yahoo! Finance Canada
Most Read from Bloomberg Nissan and fellow Japanese carmaker, Honda Motor Co., are exploring a merger, people familiar with the matter said Wednesday, that would create a rival to Toyota Motor Corp. in Japan and better position the combined company to face competitive challenges around the world. One potential spanner in the works however is Foxconn, which separately is said to have approached Nissan about acquiring a stake. Foxconn has been investing heavily in factories to build electric vehicles and Nissan, which has slashed its earnings forecasts and is culling 9,000 jobs globally, needs a financial rescue. According to the Central News Agency, Jun Seki, the chief strategy officer for Hon Hai's EV arm, told Nissan about Foxconn's interest in buying its shares, but Nissan didn't respond in a favorable manner. As a result, Seki has started to engage Nissan's 36% shareholder, Renault. Seki and his team are currently in talks with Renault in France, the report said. Renault's
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- The Globe's stars and dogs for the week [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- New car sales to rise in December despite high interest rates [USA TODAY]USA TODAY
- Foxconn Interest in Nissan Said on Hold Amid Honda Merger Talks [Yahoo! Finance]Yahoo! Finance
- Foxconn interest in Nissan on hold amid Nissan-Honda merger talks, Bloomberg News reports [Yahoo! Finance]Yahoo! Finance
- J.D. Power-GlobalData Automotive Forecast December 2024 [Yahoo! Finance]Yahoo! Finance
HMC
Analyst Actions
- 12/18/24 - UBS Group AG
HMC
Sec Filings
- 12/18/24 - Form 6-K
- 11/15/24 - Form 6-K
- 11/6/24 - Form 6-K
- HMC's page on the SEC website