In February, Nissan and Honda officially canceled the planned merger, less than two months after announcing it
Japanese Nissan Motor appointed, on Tuesday (11) Planning Director Ivan Espinosa, as a new CEO from April 1, replacing Makoto Uchida a few weeks after the automaker discards a fusion plan with rival Honda Motor.
In February, A, less than two months after announced it.
Negotiations failed after Honda – whose market value is almost five times higher than Nissan’s – tried to make Nissan a subsidiary.
At the time, Uchida said she could not accept that the company became a unit of the competitor because it was not clear how much autonomy would be preserved.
Failure has put additional pressure on the already problematic Nissan, which may need to look for alternative partnerships.
