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.
The Honda-Nissan on-again, off-again, on-again merger is the international automotive saga that keeps on giving. Now there's another twist.
Nissan Motor is considering replacing its CEO Makoto Uchida following a worsening in the Japanese automaker's business performance and the collapse of talks to combine with Honda Motor , Bloomberg News reported on Thursday citing people familiar with the matter.
Nissan and Honda ended merger talks to forge a $60 billion car company on Thursday, pitching Nissan deeper into uncertainty and highlighting the pressure on legacy automakers from Chinese rivals upending the industry.
Less than two months after a potential merger was floated, Honda and Nissan have called the potential partnership off, forcing Nissan, which has been experiencing difficulties, to explore alternate collaborations.
The Japanese companies’ decision to call off negotiations highlights the challenges legacy automakers face in partnering to tackle new technologies.
Nissan officially confirmed that plans to form a joint venture company with Nissan are no longer on the table, throwing the Japanese auto industry into chaos
Over a decade after introducing the first mass-market EV to the U.S., Nissan hasn't been able to turn that into a real lead. Its only second-generation EV on sale is the Ariya, and it's a middling entrant in a crowded class.
Japanese business leaders are reportedly urging Tesla CEO Elon Musk to step in as a strategic investor in Nissan after the company’s merger talks with rival Honda collapsed last week.
A high-level Japanese group that includes a former prime minister has drawn up plans for Elon Musk’s Tesla to invest in the struggling carmaker Nissan, following the collapse of its merger talks with rival Honda. The group includes Hiro Mizuno, a former Tesla board member, and ex-premier Yoshihide Suga.
The Associated Press on MSN13d
Japanese automakers Honda, Nissan and Mitsubishi end talks on integrating their businessesJapanese automakers Honda, Nissan and Mitsubishi are dropping their talks on a business integration. The automakers said Thursday that they agreed on the move.
Nissan Motor is considering replacing its CEO Makoto Uchida following a worsening in the Japanese automaker's business performance and the collapse of talks to combine with Honda Motor, Bloomberg News reported on Thursday citing people familiar with the matter.
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