The collapse of merger talks between Honda and Nissan could open the door for iPhone manufacturer Foxconn to make a big play in automotive production. Why it matters: Foxconn has been angling for years to translate its consumer electronics production expertise into EV manufacturing.

Japan’s Nissan and Honda have ended discussions on a deal that would have created the world’s third-largest carmaker.

Nissan plans to cut thousands of jobs and slash production in a turnaround plan that becomes more important after calling off its Honda tie-up.