Foxconn Interest in Nissan Said on Hold Amid Honda Merger Talks [Yahoo! Finance Canada]
RENAULT SA UNSP/ADR (RNLSY)
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Source: Yahoo! Finance Canada
Most Read from Bloomberg The decision to pause comes after Foxconn sent a delegation to meet with Renault SA — which owns 36% of Nissan and will have a say in any tie-up — in France, people with knowledge of the matter said. But the smartphone-maker, which has long-standing ambitions to break into the electric vehicle industry, is not giving up completely, preferring to see if the two Japanese marques make legitimate progress towards a deal before deciding on its next move, the people said, asking not to be identified discussing private decisions. Foxconn's pause is the latest development in the unexpected emergence of two suitors for the ailing Japanese carmaker, which is struggling to turn around cratering profitability and dwindling market share. Honda and Nissan, which have flirted with a tie-up for several years, appear to have accelerated work on a potential merger after Foxconn approached Nissan about buying the entire company. It's not clear whether Nissan has engaged
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News
- Foxconn Interest in Nissan Said on Hold Amid Honda Merger Talks [Yahoo! Finance Canada]Yahoo! Finance Canada
- Foxconn's interest in Nissan reportedly on hold amid Honda merger talks [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Renault Stock Rallies as Honda and Nissan Explore Merger [Yahoo! Finance]Yahoo! Finance
- Foxconn exec in France to discuss Nissan stake purchase from Renault, Central News Agency reports [Yahoo! Finance Canada]Yahoo! Finance Canada
- Foxconn exec in France to discuss Nissan stake purchase from Renault, Central News Agency reports [Yahoo! Finance]Yahoo! Finance