The Latest Breaking News from Foxconn

3 Stocks Investing $650 Billion in the U.S.—Should You Invest?

See which three large-cap stocks are planning to invest a total of over $650 billion in the United States over the next several years.

MarketBeat · Mar 11, 2025

Struggling Japanese Automaker Nissan Replaces CEO

Struggling Japanese automaker Nissan announced on Tuesday that chief executive Makoto Uchida would step down, a move that follows the failure of merger talks with rival Honda.

International Business Times · Mar 11, 2025

From iPhones to AI: Foxconn Launches FoxBrain, an AI Model Built on Llama 3

Foxconn, a name usually known for assembling iPhones, has joined the AI arena by launching its own AI model called FoxBrain. It is built on Meta's Llama

Geekflare · Mar 10, 2025

Japan's Honda And Nissan Scrap Merger Talks

Japanese auto giants Honda and Nissan confirmed on Thursday they had scrapped merger talks that would have created the world's third-largest automaker by unit sales.

International Business Times · Feb 13, 2025

Two New Bills Would Kill The EV Tax Credit, Slap $1,000 Tax On EV Purchases

Tired of politics yet? It's only February, so buckle up. On Today's episode of America, the EV tax credit is once again in the spotlight. Not only are lawmakers looking to end the $7,500 credit for new vehicles, but they're also suggesting repealing the tax credit and adding a $1,000…

InsideEVs · Feb 13, 2025

Will Renault sell its stake in Nissan?

In the automotive sector, there is talk of a possible new alliance. After saying goodbye to Honda, Foxconn has not ruled out buying Renault's 36% stake in Nissan. However, the company, which is the world's largest producer of electrical and electronic components for OEMs, has made it clear that its…

Motor1 · Feb 13, 2025

Foxconn Wants to Work With Nissan, Not Acquire It

We should know more about the state of the Honda-Nissan merger by tomorrow when the two companies announce their quarterly earnings. Reports of the deal’s demise surfaced last week, again putting Nissan’s future in question. However, Foxconn could serve as the potential lifeline the company needs, except the Taiwanese electronics…

Motor1 · Feb 12, 2025

Nissan's 'Pride' Doomed Its Emergency Merger With Honda

"Pride goeth before destruction, and a haughty spirit before a fall," reads the Book of Proverbs, chapter 16, verse 18. I'm no Biblical scholar, but I think it's unlikely King Solomon wrote that line about Nissan. But you have to admit it fits in this context—especially since "pride" at Nissan is being cited as a reason…

InsideEVs · Feb 12, 2025

iPhone manufacturer Foxconn confirms it would seek to buy Renault’s stake in Nissan if up for grabs

With Renault’s alliance with Nissan on the rocks, Foxconn could scoop up its 15% interest as part of a plan by the Taiwanese contract manufacturer to expand into the EV market.

Fortune · Feb 12, 2025

Nissan preparing to pull out of merger talks with Honda

Nissan looking for another partner to help shift to electric cars after tensions over perceived imbalance, says source

The Guardian - UK · Feb 6, 2025