IT could be the end of the road for Nissan’s CEO after the struggling car giant failed to secure a merger with rival brand Honda.
Last month, it was revealed that talks between the two Japanese manufacturers, that would have seen them join forces and create the world’s third-largest car brand, had broken down.
Now, it seems the failure to find a solution could cost Nissan’s CEO, Makoto Uchida, his job.
Uchida has led the company since 2019, but according to reports, the brand’s directors want to change the leadership lineup and, according to rumors, that might include drafting in a replacement for their boss.
Nissan will supposedly announce the switch on March 12.
Reuters was the first to report on the management shakeup, but they said it wouldn’t include Uchida leaving his post.
Motor1, however, believes the writing is on the wall for the 58-year-old – despite his contract with the firm running until 2026.
Uchida has said in the past that he would step down if asked to, but that he wanted to steady the ship before leaving.
However, Nissan is currently facing losses of $534 million by the end of March – with Uchida’s turnaround plan, unveiled last year, failing to come to fruition.
The car marque’s struggles first appeared in the middle of 2024, with signs of trouble beginning in May when they asked dealers to begin selling cars at a loss.
Nissan and Honda then expanded their earlier partnership to work on electric vehicles and software alongside fellow manufacturer Mitsubishi.
Then, in November, they dropped the bombshell announcement that some 9,000 employees would be laid off, along with the reduction of global production.
By the end of last year, some company executives had disclosed that Nissan had 12 to 14 months left to survive – with their best chance of continuing being a merger with another company.
In December, the CEOs of Nissan and Honda met for official talks and announced they would officially look to merge.
But these talks deteriorated in the new year as Nissan withdrew from the deal, following Honda’s proposal to make them a subsidiary.
Nissan, which formed in 1933, is known in the US for the Rogue and Sentra models, while Honda, which began in 1946, has found huge success with the CR-V.
Indeed, Honda currently enjoys a market value nearly five times larger than Nissan.
Had their blockbuster merger gone through, it would’ve created an enormous firm – producing 6.5 million vehicles annually.
Elon Musk has been urged to rescue Nissan by stepping in as an investor, but the Tesla kingpin made it clear he had no intention of becoming their savior.
Taiwanese electronics maker Foxconn is also said to be interested in partnering with Nissan.
In the meantime, a shake-up is expected among Nissan’s top ranks and should Uchida step down, Nissan could decide to pick an interim CEO instead of a permanent one.
MOTORS: Honda models
What are the current Honda models?
Honda vehicles are sold through more than 1,000 independent U.S. Honda dealers
SUVs and Crossovers: 2025 HR-V; 2025 CR-V; 2025 CR-V Hybrid; 2025 Pilot; 2025 Passport; 2024 Prologue; 2025 CR-V FCEV
Sedans: 2025 Civic Sedan; 2025 Accord Sedan; 2025 Civic Sedan Hybrid; 2025 Civic Si Sedan; 2025 Accord Hybrid
Hatchbacks: 2025 Civic Hatchback; 2025 Civic Hatchback Hybrid; 2025 Civic Type R
Minivan and Truck: 2025 Ridgeline; 2025 Odyssey
Electrified: 2025 Civic Sedan Hybrid; 2025 Civic Hatchback Hybrid; 2025 Accord Hybrid; 2025 CR-V Hybrid; 2024 Prologue; 2025 CR-V e:FCEV
Previous year models: 2024 Civic Hatchback; 2024 Accord Sedan; 2024 Accord Hybrid; 2024 Ridgeline; 2024 Civic Type R
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