Nissan CEO Uchida Replaced Amid Failed Merger Talks

Nissan is undergoing significant leadership changes as CEO Makoto Uchida resigns amid financial struggles and the collapse of merger talks with Honda. Ivan Espinosa, formerly Nissan's chief planning officer, will take over as CEO starting April 1, as part of a broader management overhaul aimed at revitalizing the company. Uchida's departure follows disappointing financial results, including a projected loss of 80 billion yen for the fiscal year. The failed merger discussions primarily revolved around Honda's proposal to make Nissan its subsidiary, a move that was met with strong opposition from Nissan. Despite the end of merger talks, Nissan plans to continue collaborating with Honda on electric vehicle development. The company is also exploring a four-way partnership involving Mitsubishi and Taiwanese tech firm Hon Hai Precision Industry.