After Honda walked away from merger talks, Nissan finds itself at a crossroads. Could tech giant Foxconn or private equity firm KKR be the lifelines it desperately needs?

Japanese auto giants Honda and Nissan confirmed they've scrapped merger talks announced in December​, ending a potential combination that would have created the world's third-largest automaker.

The Japanese companies’ decision to call off negotiations highlights the challenges legacy automakers face in partnering to tackle new technologies.