Nissan announces major change taking effect April 1 – and it could reignite merger with Honda ...Middle East

NISSAN has announced a significant change to its company that goes into effect in just a couple of weeks.

The shocking change could rekindle the automaker’s previous plans to merge with Honda.

On Tuesday, Nissan’s CEO Makoto Uchida announced in a press release that he will step down from his position on April 1, as reported by CNBC.

Chief Planning Officer Ivan Espinosa will be taking his place at the 11-billion-dollar company.

Although Espinosa said he wasn’t given much time to process the news, he is truly grateful to be taking on this responsibility.

“I grew up in Nissan and I’ve spent many years working in divisions across the globe… this career has shaped my understanding of what makes Nissan unique and valuable,” he said. “I sincerely believe Nissan has so much more potential than what we are seeing today.”

Additionally, Chief Brand and Customer Officer Asako Hoshino and Chief Strategy and Corporate Affairs Officer Hideaki Watanabe will also be stepping down from their roles on April 1.

These changes are a result of the company’s declining sales.

For the third quarter ending December 2024, Nissan saw “a 78% year-on-year plunge in operating profit,” as reported by CNBC.

It’s also struggling with a reported net loss of $95.7 million which comes as a shock after the auto company saw promising profits from the year before.

This comes after Nissan had big plans to merge with another Japanese automaker, Honda.

After abruptly laying off 9,000 employees and significantly reducing global production, the merger seemed like a Hail Mary deal.

If the $60-billion deal had gone through, it would have produced the world’s third-largest car manufacturer.

The deal fell through after Honda proposed to make Nissan its subsidiary — meaning there would be a power imbalance after the merger.

Uchida called the proposal “unacceptable” and moved to end talks about the merger.

In the face of an electric vehicle revolution, Nissan’s CEO believed the merger would help the struggling company stay afloat.

I grew up in Nissan and I’ve spent many years working in divisions across the globe…this career has shaped my understanding of what makes Nissan unique and valuable. I sincerely believe Nissan has so much more potential than what we are seeing today

Many automakers are struggling to keep up with the EV market.

Some companies introduced snazzy new electric models to stay up-to-date, but that’s only half the battle.

Automakers claim that getting their customers to invest in EVs has been a tough roadblock to overcome.

Despite the merger falling through, the two auto companies are still expected to collaborate on other technologies, Nissan said in a statement.

“Going forward, Nissan and Honda will collaborate within the framework of a strategic partnership aimed at the era of intelligence and electrified vehicles, striving to create new value and maximize the corporate value of both companies,” the statement read.

With significant management changes, experts speculate whether the Nissan-Honda merger could be on the table again.

Nissan and Honda did not immediately reply to The U.S. Sun’s request for comment.

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