Nissan will cut 9,000 jobs, slash production and sell off shares in Mitsubishi to try to stem the rot. Can new partner Honda save the day?

It's time for Toyota Motor's two biggest domestic rivals to deal with their problems by joining forces. Nissan Motor's woes are the more obvious: poor results prompted the $9 billion manufacturer into an emergency overhaul this month.

Insiders claim Nissan may be only a year away from collapse if something big doesn't change. Here's what we know about the automaker's ongoing struggle.

The sale of equity shares would most likely come out of Renault's ownership portion of Nissan, which may potentially be sold to Honda. The cause of Renault-Nissan's restructuring is reportedly due to a sharp decline in sales in the U.S. and Chinese market.

Slow sales in the US and Japan prompted Nissan to cut more than 9,000 jobs earlier this month, while simultaneously slashing production by nearly 20 percent. Nissan's operating pr