TOKYO — Honda Motor and Nissan Motor entered into merger talks in order to rule out the risk of an acquisition by Taiwan’s Hon Hai Precision Industry, also known as Foxconn, according to people familiar with the negotiation.
Foxconn, whose main business is contract manufacturing but announced in 2019 that it would enter the electric vehicle business, was working behind the scenes to acquire a stake in Nissan. These moves had been noticed for a few months, sources said.
