Nissan Appoints Ivan Espinosa as CEO Following Leadership Shakeup

The struggling automaker replaces Makoto Uchida as CEO after failed merger talks with Honda and ongoing financial struggles.

Nissan has announced that Ivan Espinosa will replace Makoto Uchida as CEO, effective April 1, as part of efforts to address the company's challenges.
The leadership change follows the collapse of merger talks with Honda, which reportedly broke down over disagreements on the structure of the partnership.
Nissan has faced significant financial difficulties, including a downgraded credit rating and a forecasted annual loss exceeding $500 million.
Renault, a key partner of Nissan, expressed confidence in Espinosa's ability to strengthen their ongoing alliance and support Nissan's turnaround plan.
Speculation suggests that under Espinosa's leadership, Nissan may revisit partnerships, including potential collaborations with Honda, Mitsubishi Motors, and Taiwanese electronics giant Foxconn.