27.02.2025 09:40
Nissan, which dreamed of becoming the world's fifth-largest automotive giant by merging with Honda, has seen things spiral out of control. First, the merger turned into a crisis and was canceled. Now, the company has decided to change its CEO.
Nissan, one of the leading names in the automotive industry, has been in the spotlight recently due to the crises it has faced. The company's challenging process is also affecting the balance in the industry. Following the collapse of merger talks between Nissan and Honda, it is preparing plans to change its CEO.
Nissan executives are evaluating the interest in candidates to replace the current CEO, Makoto Uchida, who has been in charge since 2019. However, he also stated that he aims to improve Nissan's financial situation before resigning. He announced that he expects a net loss of 80 billion Yen (536 million dollars) for the fiscal year 2025.
NISSAN'S ECONOMIC INDICATORS ARE AT A LOW
Nissan is facing a record level of debt due in 2025. This situation has led three major credit rating agencies to downgrade Nissan's credit rating to junk status. Uchida had made a temporary agreement with Honda to escape this financial pressure, but the talks were canceled as the parties could not agree on the terms.
Nissan and Honda announced that they will continue their collaboration with Mitsubishi Motors in the fields of electric vehicle batteries and software development. Uchida stated at a press conference held on February 13 that these partnerships are critical for Nissan's future and said, "It will be difficult to survive without relying on future partnerships."