Foxconn's interest in Nissan on hold

HON HAI PRECISION Industry, the Taiwan-based manufacturer of iPhones known as Foxconn, is putting its interest in pursuing Nissan Motor on hold while the Japanese automaker is in negotiations for a potential merger with Honda Motor Co., according to a person familiar with the matter.

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The decision to pause comes after Foxconn sent a delegation to meet with Renault SA — which owns 36% of Nissan and will have a say in any tie-up — in France, people with knowledge of the matter said.