A high-level Japanese group that includes a former prime minister has drawn up plans for Tesla to invest in Nissan after the collapse of its merger talks with Honda , the Financial Times said on Friday.

A high-level Japanese group that includes a former prime minister has drawn up plans for Elon Musk’s Tesla to invest in the struggling carmaker Nissan, following the collapse of its merger talks with rival Honda. The group includes Hiro Mizuno, a former Tesla board member, and ex-premier Yoshihide Suga.

Reports of an overture towards the American electric vehicle maker come days after Nissan’s merger talks with Honda collapsed.

The Honda-Nissan merger hit a snag over the former’s desire to take a high level control over the latter, though Nissan isn’t done searching for a partner to help it reclaim some of its former glory.

A high-level Japanese group is seeking investment from EV maker Tesla (TSLA) to save Nissan Motor (JP:7201) (NSANY) after its deal with Honda

KEY TAKEAWAYS A high-level Japanese group is reportedly proposing that Elon Musk's Tesla invest in ailing automaker Nissan after its merger with domestic competitor Honda collapsed earlier this month.

A high-level Japanese group, which includes a former prime minister, has drawn up plans for Elon Musk's Tesla to invest in Nissan following the collapse of its merger talks with Honda Motor, the Financial Times reported on Friday.

A high-level Japanese group that includes a former prime minister has drawn up plans for Elon Musk’s Tesla to invest in the struggling carmaker Nissan, following the collapse of its merger talks with rival Honda.