Honda threatens to break off partnership with Nissan due to cooperation with Foxconn
Honda has announced its readiness to terminate cooperation with Nissan if it accepts an offer from Foxconn. The company expresses concern that Foxconn's intervention could destroy the strategic alliance, and is ready to become a "white knight" to protect its partner.
Honda has said it is ready to end its partnership with Nissan if it decides to cooperate with Foxconn, a well-known iPhone manufacturer. A Honda representative stressed that Foxconn's interference in Nissan's affairs could destroy the strategic alliance between the two companies.
Honda worries that a possible deal with Foxconn will lead to a loss of control and trust within the alliance. Moreover, the company is ready to intervene if Foxconn tries to absorb Nissan, offering its help as a "white knight" to protect the partnership.
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