Taiwanese iPhone maker may buy Nissan

Foxconn, known for assembling Apple products, is discussing the possibility of acquiring Nissan assets, The Wall Street Journal writes. If the deal goes through, Nissan, which finds itself in a difficult situation, will receive a strong investor, and Foxconn will have access to the competencies and factories of the Japanese. This will likely bring the Taiwanese company closer to producing its own electric cars.

In 2022, Foxconn showed two cars under its subsidiary Foxtron brand. The crossover and pickup truck received names in the manner of Tesla – Model B and Model V, respectively. The Italian Pininfarina was responsible for the appearance of the crossover. The manufacturer did not disclose any details other than the power reserve, which varies from 420 to 450 kilometers.

As for Nissan, its situation is deplorable: insiders predict collapse of the auto giant within 12-14 months. It will only be able to survive if it finds an anchor investor.

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In the meantime, Nissan is reducing production volumes, laying off staff and closing “extra” factories.

Against the backdrop of the crisis, negotiations began on a merger with Honda, which former Nissan head Carlos Ghosn suspected of wanting to absorb a competitor. In the coming weeks, Japanese media believe, the parties will announce the signing of a memorandum of understanding.

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