Nissan Explores Renewed Collaborations with Honda Under Incoming CEO

Ivan Espinosa, set to take over as CEO on April 1, emphasizes partnerships, product innovation, and accelerated vehicle development to address Nissan's financial challenges.

Nissan and Honda continue discussions on potential collaborations, including large SUVs and EV projects, despite a previously failed merger attempt.
Incoming CEO Ivan Espinosa has expressed openness to partnerships, including with Honda and non-automotive firms, as part of Nissan's recovery strategy.
Espinosa plans to cut vehicle development time significantly, aiming to reduce the timeline for new models to 37 months and offshoot models to 30 months.
Nissan is launching a refreshed lineup of hybrids, plug-in hybrids, and EVs, with key models like the Leaf crossover and Rogue SUV set to debut in the coming years.
The company is implementing restructuring efforts, including job cuts and plant closures, to address financial struggles and improve cash flow generation.