financetom
Business
financetom
/
Business
/
Japan to court Tesla on Nissan investment, FT says
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Japan to court Tesla on Nissan investment, FT says
Feb 21, 2025 12:57 AM

Feb 21 (Reuters) - A high-level Japanese group that

includes a former prime minister has drawn up plans for Tesla

to invest in Nissan ( NSANF ) after the collapse of its

merger talks with Honda ( HMC ), the Financial Times said on

Friday.

The group hopes Elon Musk's Tesla will become a strategic

investor, believing the company is keen to acquire Nissan's ( NSANF )

plants in the United States, according to the report.

The proposal is being led by former Tesla board member

Hiromichi Mizuno with support from ex-premier Yoshihide Suga and

his former aide Hiroto Izumi, the newspaper said, citing

unidentified sources.

Suga's office said it was not aware of a plan to encourage

Tesla to invest in Nissan ( NSANF ). Suga stood down as prime minister in

2021 but remains a member of Japan's lower house, representing a

constituency in Nissan's ( NSANF ) home prefecture of Kanagawa.

Nissan ( NSANF ) declined to comment on the report, while Tesla did

not respond to requests for comment. Reuters was not immediately

able to contact Izumi and Mizuno.

Nissan ( NSANF ) shares closed up 9.6% after the FT report. The

automaker and Honda ( HMC ) ended talks to forge a $60-billion car

company last week. Nissan ( NSANF ) said it will seek new partnerships.

According to the FT, some Nissan ( NSANF ) board members have

suggested Tesla and Apple ( AAPL ) as ideal strategic investors.

Apple ( AAPL ) did not respond to a request for comment.

Sources have told Reuters that Nissan ( NSANF ) was open to working

with new partners, with Taiwan's Foxconn seen as one

candidate. Nissan ( NSANF ) CEO Makoto Uchida said last week that Nissan ( NSANF )

and Foxconn had not held talks at management level.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Enact Holdings Files Mixed Shelf
Enact Holdings Files Mixed Shelf
Apr 11, 2024
05:36 PM EDT, 04/11/2024 (MT Newswires) -- Enact Holdings ( ACT ) filed a registration statement covering the potential sale of securities from time to time. The statement covers common and preferred stock, warrants, rights, units and guarantees, the company said Thursday in a regulatory filing. Additionally, selling security holders to be named in a prospectus supplement may offer securities,...
Thai Crypto Exchange Bitkub May Be Valued as High as $3B in IPO: CEO
Thai Crypto Exchange Bitkub May Be Valued as High as $3B in IPO: CEO
Apr 11, 2024
The owner of Thai crypto exchange Bitkub Online, which plans to sell shares to the public next year, could be valued as high as $3 billion, Bitkub Capital Group CEO Jirayut Srupsrisopa said. Bitkub Capital signaled its intention to sell shares to the public in a 2023 letter to shareholders that didn't give a timeframe. Jirayut told Bloomberg earlier this...
Globe Life Rebuts Short Seller Allegations -- Shares Rebound After Hours
Globe Life Rebuts Short Seller Allegations -- Shares Rebound After Hours
Apr 11, 2024
05:37 PM EDT, 04/11/2024 (MT Newswires) -- Globe Life ( GL ) on Thursday refuted what it described as unsubstantiated claims in a report by short-seller Fuzzy Panda Research alleging its executives disregarded insurance fraud. We reviewed the report and found it to be wildly misleading, mixing anonymous allegations with recycled points pushed by plaintiff law firms to coerce Globe...
BRIEF-OneWater Marine Inc Signs Definitive Agreement To Acquire Garden State Yacht Sales
BRIEF-OneWater Marine Inc Signs Definitive Agreement To Acquire Garden State Yacht Sales
Apr 11, 2024
April 11 (Reuters) - OneWater Marine Inc ( ONEW ): * ONEWATER MARINE INC. ( ONEW ) SIGNS DEFINITIVE AGREEMENT TO ACQUIRE GARDEN STATE YACHT SALES Source text for Eikon: Further company coverage: ...
Copyright 2023-2025 - www.financetom.com All Rights Reserved