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

Shares in the beleaguered Japanese carmaker surged on Friday despite Musk denying reports that Tesla could be a prospective investor.

A high-level Japanese group has drawn up plans for Elon Musk’s Tesla (TSLA) to invest in Nissan (NSANY), following the collapse of merger

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.

AN ICONIC car brand on the “brink of collapse” has suffered another blow after its shares plummeted. The Japanese carmaker pleaded for Elon Musk to come to the rescue after a failed

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.

Following the end of talks between Nissan and Honda, Moody’s has downgraded the struggling automaker’s debt rating to junk status. The financial research firm also revealed a negative outlook for the future.

Nissan in recent weeks has been searching for a strategic partner in the tech industry, with some board members suggesting Tesla and Apple as ideal targets.