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

Nissan is apparently back on the hunt for a new partner as negotiations with Honda, its previous intended partner, fell apart, according to multiple news sources. Reuters reports Nissan is seeking a new partner, with two sources close to the matter suggesting Taiwan's microprocessor giant, Foxconn, may even be the next possible candidate.

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 is open to working with new partners after merger talks with Honda foundered, two people familiar with its thinking said on Thursday, with Taiwan's Foxconn seen as one candidate. The struggling Japanese automaker is again at a crossroads after backing out of negotiations with bigger rival Honda to create the world's No.

After stepping back from a potential deal last year, iPhone maker Foxconn has reignited talks with the failing automaker.