Nissan Replaces CEO Following Failed Honda Merger Talks

Ivan Espinosa, a 20-year company veteran, will take over as CEO on April 1 to address Nissan's financial struggles and restore growth.

Makoto Uchida is stepping down as Nissan CEO after the collapse of merger talks with Honda and ongoing financial challenges.
Ivan Espinosa, currently Nissan's Chief Planning Officer, has been appointed as the new CEO and will assume the role starting April 1.
The failed merger with Honda, which would have created the world's third-largest automaker, fell apart over disagreements about leadership structure and factory closures.
Nissan has been facing significant financial difficulties, including a projected $500 million annual loss and major credit rating downgrades to junk status.
Espinosa has pledged to stabilize the company, reform its U.S. operations, and potentially revisit strategic partnerships, including discussions with Honda and other partners.