Nissan Motor is considering replacing its CEO Makoto Uchida as investor confidence wanes following the breakdown of merger talks with Honda Motor Co, according to Bloomberg News. The collapse of the proposed $60 billion deal has intensified concerns about Nissan’s long-term strategy and leadership,

Nissan directors are gauging interest in candidates to succeed Makoto Uchida, the 22-year company veteran who’s been CEO since late 2019, sources said.

Nissan faces mounting financial pressures, with a record debt bill coming due next year. It has also been struggling to attract consumers with an ageing vehicle lineup and has relied heavily on incent