TOKYO -- Toyota will reportedly sign a deal under which Hon Hai Precision Industry, also known as Foxconn, will build electronics for the Japanese automaker. No further details are available.

The roots of the agreement come from a strategic decision by Hon Hai chief executive and founder Terry Guo to hire several former Toyota executives, according to the United Daily News.
Hon Hai already operates three car electronics plants and one car components plant in China, UDN said.

Foxconn is the world's largest maker of consumer electronics and has 180,000 employees.

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