Foxconn's aim is cooperation with Nissan, not acquisition


The head office of Nissan Motor Co. in Yokohama, Japan. - Photo: The Yomiuri Shimbun file

NEW TAIPEI: Foxconn Chairman Young Liu said on Wednesday that the company's aim is cooperation with Japan's Nissan, not acquisition.

The struggling Japanese automaker is again at a crossroads after backing out of negotiations with bigger rival Honda last week to create the world's No. 3 automaker, a deal that would have been the latest major change in the shifting global car industry.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Foxconn , Nissan , auto

Next In Business News

ES Sunlogy secures RM22.3mil sub-contract in Penang
Vestland terminates three affordable housing contracts worth RM550.7mil
Pestec appoints Adam Yee as president
Wawasan Dengkil and Kester partner on renewable energy projects
Binastra's unit inks tripartite agreement involving RM305mil contract
Ringgit ends lower as firmer US dollar weighs on market
Infomina posts higher 2Q profit, declares 1.35 sen dividend
SkyGate acquires property investment firm for RM76mil
Berjaya Land proposes name change to Berjaya Property
SCIB shareholders approve rights issue, share capital reduction

Others Also Read