Japanese automaker Nissan (NSANY) finds itself at a crossroads. Nissan was poised to participate in a megamerger with rival Honda (HMC), and it was a huge development when the talks were revealed late last year.

Merger talks between Honda Motor and Nissan Motor turned out to be short-lived, with the latter rejecting the deal after the two failed to agree on the valuation of the carmakers under a holding company.

Japan's Nissan Motor is open to working with new partners including even technology firms after merger talks with cross-town rival Honda Motor foundered, people familiar with the automaker's thinking have said.

Nissan and Honda's merger talks, initially aimed at creating one of the world's largest automakers, fell apart due to Nissan's resistance and demands for equality despite its weaker position. The proposed deal would have seen Nissan become a subsidiary,

Two of Japan’s largest automakers have been in talks to combine their operations to form one of the world’s biggest car groups.

The rumored collapse of merger talks between Honda and Nissan amidst the EV industry's transformation has thrust Foxconn into the spotlight as it continues to explore partnerships with Nissan and Renault.

A proposed $58 billion merger to create the world’s fourth-largest carmaker appears on the verge of collapse after Honda made an unexpected proposal to turn Nissan into a fully owned subsidiary, according to three people familiar with the matter.

Nissan and Honda, both major automakers based in Japan, responded Wednesday to reports that a potential merger of the two companies could beat risk of being abandoned.

The development sparked new questions about how long Nissan can ride out its latest crisis without external help.