Nissan Names Ivan Espinosa as New CEO Following Leadership Shakeup

The automaker's leadership change comes after failed merger talks with Honda and ongoing financial struggles.

Ivan Espinosa, Nissan's Chief Planning Officer, will take over as CEO on April 1, succeeding Makoto Uchida, who resigned under pressure.
The leadership change follows the collapse of merger talks with Honda, which had proposed making Nissan a subsidiary rather than forming a joint holding company.
Nissan faces significant challenges, including a projected $500 million annual loss, declining sales in key markets, and a downgraded credit rating to junk status by major agencies.
Espinosa, a 20-year company veteran, has extensive experience in global product planning and aims to stabilize operations and revamp Nissan's U.S. lineup.
Speculation suggests Honda may revisit partnership discussions under Espinosa's leadership, with potential collaborations also involving Mitsubishi Motors and Taiwanese electronics giant Foxconn.