Foxconn signals interest in buying Renault’s stake in Nissan

Hon Hai Precision Industry is open to buying Renault’s stake in Nissan, a move that may offer the struggling Japanese carmaker a lifeline.

The Taiwanese company has approached both Nissan and Honda about potential cooperation, Hon Hai Chairman Young Liu told reporters on Wednesday on the sidelines of a company event.

Liu also said his firm will announce a new Japanese customer for its electric vehicle contract manufacturing business in the first quarter, though he didn’t specify the name or scale of production in the brief remarks.