NEW TAIPEI, Taiwan, Feb 12 (Reuters) - Taiwan's Foxconn
would consider taking a stake in Nissan ( NSANF ) for
cooperation, its chairman said, as the Japanese automaker's
future hangs in the balance after stepping back from merger
talks with Honda ( HMC ).
"If cooperation requires it (purchasing Nissan ( NSANF ) shares), we
will consider it," Foxconn chairman Young Liu told reporters on
Wednesday in the company's first public comments about its talks
with Nissan ( NSANF ).
"But purchasing its shares is not our aim; our aim is
cooperation," he said, adding it was talking about cooperation
with Nissan's ( NSANF ) biggest shareholder Renault, which owns
36% of the Japanese firm.
Struggling Nissan ( NSANF ) is again at a crossroads after sources
said last week that negotiations with bigger rival Honda ( HMC )
to create the world's No. 4 automaker had been
complicated by growing differences.
Nissan ( NSANF ) and Honda ( HMC ) are expected to lay out a new stage in
their uncertain relationship on Thursday, one that is likely to
see them formally call off a plan to merge after talks between
the two foundered last week, according to sources.
The deal would have been the latest change in a car industry
facing a huge threat from China's BYD and other
electric vehicle entrants.
Nissan ( NSANF ) is open to working with new partners such as Taiwan's
Foxconn, the world's largest contract electronics maker and
Apple's main iPhone maker, the sources said last week.
Nissan ( NSANF ) and Renault declined to comment on Liu's remarks.
While Foxconn, the world's largest contract electronics
manufacturer, is best known for its role as an Apple supplier,
it also has ambitions in the electric vehicle sector as it seeks
to diversify its business.
Liu said Foxconn would not get into being an auto
"brand" and would only provide commissioned design and
manufacturing services.