Renault Takes Full Ownership of Indian JV with Nissan
Renault Group announced on Monday that it will acquire the remaining 51% stake in Renault Nissan Automotive India Private Ltd (RNAIPL), currently held by Nissan Motor Corp, making Renault the sole owner of the company. This move is part of an ongoing restructuring of their partnership. As part of the
Foxconn Shifts Gears: Hosting Japan Seminar to Unveil EV Vision
Foxconn, best known for assembling iPhones and AI servers, is shifting focus to the road ahead—literally. The Taiwanese manufacturing giant is hosting a seminar in Japan on April 9 to outline its electric vehicle (EV) strategy, aiming to strengthen ties with Japanese automakers after landing a major deal with Mitsubishi
Foxconn Aims for Cooperation with Nissan, Not Control
In the latest turn of events, Foxconn, the world’s largest contract electronics maker and Apple’s main iPhone maker, is planning to partner with Nissan to diversify its business in the electric vehicle sector. Nissan, one of the biggest car manufacturers in the world, is currently struggling to maintain its hold
Nissan & Honda Merger Scrapped: Shareholders Say ‘No’!
According to Reuters, Nissan & Honda called off a $58 Billion merger as the shareholders voted against the motion. The news agency further stated that Honda was planning to acquire Nissan and make it a subsidiary company, which was against the original plan of opening a joint venture. Moreover, reports
Honda & Nissan Merged To Build the Future of Automotive?
In the latest turn of events, two of the biggest automakers in the world, Honda and Nissan, joined hands to pose a united front against Toyota and Tesla in the EV segment. According to Niekki Asia, the automakers are in preliminary talks for a possible merger in the coming days.
