Nissan Motor Co., Ltd. Sponsored ADR (NSANY)
Nissan announces CEO Makoto Uchida is stepping down
Japanese automaker Nissan's chief executive, Makoto Uchida, is stepping down after the company reported dismal financial results.Nissan Motor Corp. said in a statement Tuesday that Ivan Espinosa, who is now the company's chief planning officer, will take Uchida's place, effective April 1.Espinosa, who joined Nissan in 2003, has spent much of his Nissan career in Mexico and Southeast Asia, overseeing product planning including the drive toward electric vehicles.“I sincerely believe that Nissan has so much more potential than what we're seeing today,” Espinosa told reporters, while stressing that he needs time to come up with details for a turnaround.He stressed his love for Nissan, noting he has developed a deep understanding of what makes the company unique and valuable.Nissan said the company leadership needed to be “renewed” to achieve long-term growth.
Nissan Replaces CEO a Month After the Collapse of Merger With Honda
Japanese automaker Nissan Motor said Tuesday it is replacing CEO Makoto Uchida with Chief Planning Officer Ivan Espinosa, a month after its merger plan with rival Honda (HMC) collapsed.
Nissan Replaces CEO After Failed Honda Merger
Chief Executive Makoto Uchida is stepping down, with Chief Planning Officer Ivan Espinosa taking the helm of the Japanese carmaker.
Nissan board meets Tuesday to discuss whether to replace CEO Uchida
Nissan's board of directors will meet on Tuesday to discuss potential successors to CEO Makoto Uchida, who is under pressure to step down due to the Japanese automaker's worsening earnings performance and failed merger talks with Honda.
Nissan Tests Driverless Car in Japan to Advance Autonomous Driving
NSANY unveils its latest breakthrough in autonomous driving by successfully testing a driverless vehicle on a public road in Yokohama's Minato Mirai district.
S&P cuts Nissan credit rating to 'BB'
S&P Global Ratings said on Friday it had cut its long-term issuer credit ratings on Nissan Motor to 'BB'.
Who could be the next Nissan CEO after Uchida?
Nissan CEO Makoto Uchida is under deepening pressure over the Japanese automaker's weakening performance and board members are due to gather on March 11 to discuss potential successors, people familiar with the matter have said.
Nissan board to meet on March 11, discuss potential CEO successors, sources say
Nissan directors are due to gather on March 11 to discuss potential successors for CEO Makoto Uchida, whose position is seen as increasingly untenable given the Japanese automaker's weak performance, three people familiar with the matter said.
NSANY Down 26% in a Year: How Should Investors Approach the Stock Now?
Nissan is suffering from financial troubles, leadership issues and EV struggles, making its recovery uncertain.
Nissan mulls CEO change after Honda deal collapse shakes investor confidence – report
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, prompting directors to explore potential successors.
Nissan to announce streamlining of executive line-up on March 12, sources say
Nissan Motor is expected to announce a planned streamlining of its executive line-up on March 12, according to three people familiar with the matter.
Nissan Said to Be Preparing to Replace its CEO
Nissan is planning to replace its CEO Makoto Uchida following poor earnings and the collapse of talks to combine with Honda Motor Co. That's according to people familiar with the matter. Nicholas Takahashi reports from Tokyo on Bloomberg Television.
