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There’s little doubt Nissan is dealing with an unsure future proper now. A report earlier this week alleged that the beleaguered automaker may merge with Honda below a brand new holding firm. One other report has since surfaced alleging that the Taiwanese firm Foxconn, which makes the Apple iPhone, can be fascinated with Nissan. However these talks at the moment are on pause.
The senior govt was apparently in France to debate shopping for a possible stake within the automaker from Renault, which owns 36 % of the Japanese model. Nissan is a part of the Renault-Nissan-Mitsubishi alliance, with the three sharing applied sciences and platforms.
Neither Honda nor Nissan confirmed the allegations that the 2 have been contemplating some kind of additional tie-up. The pair deepened their ties this 12 months, agreeing to cooperate on future applied sciences whereas together with Mitsubishi within the deal. The report claimed Nissan and Honda’s merger would additionally look so as to add Mitsubishi sooner or later later.
Nissan gross sales are struggling, and its sellers have needed to promote automobiles at a loss. Unnamed executives informed the media final month that the automaker has 12 to 14 months to outlive if it doesn’t flip issues round. A merger with Honda looks as if an unlikely partnership that might save the model from the brink.
Information Abstract:
- Foxconn Is Additionally Reportedly Excited by a Stake in Nissan
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