(Reuters) – A high-level Japanese group, which includes a former prime minister, has drawn up plans for Elon Musk’s Tesla (TSLA) to invest in Nissan (7201.T) following the collapse of its merger talks with Honda Motor (HMC), the Financial Times reported on Friday.
The proposal, led by former Tesla board member Hiro Mizuno, is being supported by ex-premier Yoshihide Suga and his former aide Hiroto Izumi, the report said, citing unnamed sources.
At close: February 20 at 4:00:00 PM EST
TSLA 7201.T
The group is hopeful that Tesla will become a strategic investor since they believe it is keen to acquire Nissan’s plants in the United States, according to the report.
Last week, Nissan ended talks with Honda for a possible merger.
Tesla, Nissan and Suga’s office did not immediately respond to Reuters’ requests for comment.
(Reporting by Rajveer Singh Pardesi in Bengaluru; Editing by Savio D’Souza and Varun H K)
