Nissan eyes EV deal with Foxconn to save Japanese plant
Nissan is reportedly in talks with Apple supplier Foxconn to repurpose its Yokosuka plant for EV production, aiming to avoid closure under CEO Ivan Espinosa's revival plan. The tie-up could protect 3,900 jobs. Nissan also plans to raise $1.03 billion via convertible bonds to support its turnaround. Stock sentiment remains bearish.
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