There's strife of the horizon as Nissan vehemently opposes Honda's suggestion of making the struggling carmaker its subsidiary.

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.

According to reports from and , Nissan CEO Makoto Uchida visited Honda's headquarters on the morning of February 6 and informed President Toshihiro Mibe of his decision to cancel the integration talks.