Reported about 6 hours ago
Nissan Motor Co. is preparing to replace CEO Makoto Uchida following disappointing earnings and the failure of merger talks with Honda Motor Co. The company is facing significant financial challenges, including a projected ¥80 billion net loss, and has struggled with an outdated product lineup. Despite exploring potential partnerships for future viability, Uchida indicated he would step down only after stabilizing Nissan's operations.
Source: YAHOO