iPhone maker Foxconn doubles down stake in struggling car company
The report comes as two Japanese auto giants reportedly failed to merge.
A few days ahead of Christmas in 2024, Honda (HMC) and Nissan (NSANY) held a press conference to suppose they'd signed a memorandum of belief that laid out the plans for a conceivable merger. Below the proposed deal, the 2 Japanese automakers would link up under a normal guardian company by August 2026, the same to how the 14 producers under Stellantis fashioned.
Esteem Stellantis (STLA) , the marriage of Honda and Nissan used to be framed as a arrangement for the 2 definite automakers to portion expertise and tool sources as competition from Chinese marques and from trailblazers admire Tesla (TSLA) hang begun to chip away at its dominance.
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