Foxconn in talks to buy Renault's stake in Nissan

Taiwan's electronics giant Foxconn is in talks with Renault SA, the largest shareholder of Nissan Motor Co., to acquire the French company's shareholding in the Japanese automaker, a Foxconn source said Friday.The move comes as Nissan and Honda Motor Co. have reportedly begun discussions on a merger to create the world's third-biggest auto group by volume. Foxconn's move may impact the course of the talks between the two automakers.The Taiwanese company's electric car business chief Jun Seki, a former Nissan executive, is likely leading the stake acquisition plan, according to the source, a…READ FULL ARTICLE