Nissan Motor Co. is in talks with fellow Japanese carmaker Honda Motor Co. to merge, in a deal that would help the ailing company survive, while also creating the world’s third-largest automaker with a better chance of withstanding the industry’s challenges.
In a reflection of Nissan’s vulnerability, discussions between the two appear to have accelerated after Hon Hai Precision Industry Co., the Taiwan-based producer of iPhones known as Foxconn, approached Nissan about taking a stake, a person familiar with the matter said. Foxconn has been investing heavily in factories to build EVs.
Nissan shares jumped 24%, the most ever, while Honda’s stock slipped 3%.
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