Nissan (NSANY) is climbing 4% after The Financial Times reported that a group of prominent Japanese citizens is interested in convincing Tesla (TSLA) to invest in the troubled Japanese automaker.

The Japanese Group and Its Plan

The group of Japanese citizens is being led by Hiromichi Mizuno, a former board member of Tesla, and also includes former Prime Minister Yoshihide Suga, according to The Financial Times.

The group thinks that Tesla may want to buy Nissan's U.S. factories, the newspaper reported. Under the plan, other investors, potentially including Foxconn which manufactures Apple's (AAPL) iPhones, would also be included in the deal.

Foxconn May Have Other Ideas

Foxconn has proposed launching a four-way alliance that would include Honda (HMC), Nissan, Mitsubishi Motors and itself, Japan's Nikkei newspaper reported.

More Information About Nissan

Nissan had discussed merging with Honda in recent months, but the deal ultimately fell through, partly due to Honda's demand that Nissan become its subsidiary. Honda disclosed on Feb. 13 that the potential merger had collapsed.

In the last month, Nissan's shares have climbed 7% while they are up 10.5% in the last three months. The stock, however, has fallen 5% so far in 2025.

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Disclosure: None. This article is originally published at Insider Monkey.