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.

CEO Makoto Uchida has informed his counterpart at Honda (NYSE:HMC) of his intent to end merger talks after the latter proposed making Nissan a subsidiary, Japanese news agency Kyodo reported, citing a source familiar with the matter.