Fox Sports has confirmed that Ford and Toyota have agreed to swap their brands to form Ford and Nissan.
The move would be the first step in the merger of the top two global carmakers.
Ford is planning to introduce the Ford Fusion, which will come to the US in 2019.
The US has been hit by a string of bad accidents over the last two years.
In December, a Ford Fusion collided with a truck, killing four people and injuring 17.
In June, a truck slammed into a utility pole in the Detroit suburb of Pontiac.
The merger will be announced on Wednesday by Ford chairman Bill Ford and his Japanese counterpart, Takao Katayama.