Nissan and Honda stated on Wednesday that discussions on various options, including ending merger talks, are still in progress. Ending talks would cost Nissan ¥100 billion, or $6

According to the report, Foxconn had expressed interest in acquiring Nissan in December, despite the then-active merger talks with Honda. Nissan had reportedly rejected the bid, but it seems that the company is still considering a collaboration with the iPhone maker.

Walking away from the tie-up with Honda is a huge gamble for Nissan, whose outdated product lineup has forced it to discount heavily, destroying its bottom line.