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Bond Market News
Nissan Said to be Open to New Partnerships Including Foxconn
February 7, 2025
Nissan is said to be open to new partnerships after talks with Honda for a potential merger fell through, as per sources. It was reported by sources yesterday that the companies pulled-out of talks after Honda proposed making Nissan a subsidiary. Following this, Nissan’s CEO, Makoto Uchida, is reported to have expressed a desire to pursue collaborations with other companies, including Taiwan’s Foxconn. Foxconn, has been expanding into EV manufacturing, and had previously approached Nissan with a bid, though it was rejected. As the automotive industry faces significant technological shifts due to EVs, software-driven cars, and more competition, Nissan is seeking new alliances. Nissan has already announced workforce reductions and production cuts as well.
Nissan’s dollar bonds continued to tick lower with its 5.55% 2029s down by 0.3 points to 96.6 cents on the dollar, yielding 6.42%.
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