Fiat Chrysler and Foxconn plan Chinese electric vehicle joint venture
Share:
MILAN (Reuters) - Italian American automaker Fiat Chrysler and the parent of iPhone assembler Foxconn plan to set up a joint venture to manufacture electric vehicles and to engage in the business of wirelessly connected vehicles, Hon Hai said on Thursday.Fiat Chrysler (FCA) and Taiwan's Hon Hai are negotiating a 50-50 joint venture, Hon Hai said in a statement. Hon Hai would hold its 50% share both directly and indirectly and its direct shareholding would not exceed 40%.Hon Hai is the parent..