Don’t underestimate the pride of an ailing company. After signing a memorandum of understanding in late December to “consider” a merger with Honda, a source told Reuters that Nissan is backing out of the discussion.

Phone assembler Foxconn may be talking to Renault about buying its Nissan shares. But what about the Honda-Nissan merger to create world’s largest car brand by sales? Find out here.

Following reports of Nissan calling off a planned merger with Honda, the former is now open to working with new partners. The deal, if it was seen through, would have led to the formation of

With the $60 billion merger now seemingly off the table, Nissan is looking for other options to stay competitive, particularly after recent financial setbacks. Citing two unnamed sources, Reuters reports that the automaker is open to working with technology companies, with Foxconn emerging as a serious contender.

Nissan has ended merger discussions with Honda and is now open to working with new partners, including technology firms such as Foxconn

The Taiwanese iPhone-maker better known as Foxconn was exploring an investment or buyout of Nissan last year but backed off in December 2024.

Even if the merger is off, Nissan remains keen on working with Honda in areas such as electric vehicles and software defined vehicles.