Foxconn may be about to prove Elon Musk wrong

Foxconn Technology Group, will establish a joint venture with Fiat Chrysler Automobiles NV, the Taiwanese company said in an exchange filing on Jan 16. — Reuters

Five years ago, in a routine display of trash talking, Tesla Inc’s Elon Musk made a now infamous quip about how hard it is to manufacture automobiles.

"Cars are very complex compared to phones or smartwatches, ’’ he told German newspaper Handelsblatt. "You can’t just go to a supplier like Foxconn and say: Build me a car.”