Toyota has technical alliances with Subaru Corp. and Mazda Motor Corp. of Japan. Earlier this month, rumors of a potential merger began to circulate.
According to unverified sources, Foxconn, a Taiwanese iPhone manufacturer, was attempting to join forces with Nissan by purchasing stock from Renault SA of France.
The Japanese company’s second alliance partner. Makoto Uchida, the CEO of Nissan, claimed that Foxconn had not contacted his business directly.
Additionally, he admitted that Nissan was in a “severe” predicament. Toyota, which produced 11.5 million cars in 2023, would continue to be the top Japanese automaker even after a merger.
The three smaller businesses would produce roughly 8 million cars if they joined. Nissan manufactured 3.4 million and Honda produced 4 million in 2023.
Just over one million was built by Mitsubishi Motors. “We have realized that a more radical shift is required.
