Well, it may be back on:
Nissan's turbulent financial state may be heading toward a new chapter, as reports indicate that CEO Makoto Uchida is set to resign within the week, according to reporting from Nikkei and The Financial Times. His departure could reignite merger discussions with Honda, which previously collapsed over disagreements on ownership structure, Reuters reported.
Sources inside Nissan told Japanese newspaper Nikkei that significant personnel changes, including at the top level, are imminent. Uchida's inability to secure a merger agreement with Honda is reportedly a key factor in his exit. His potential replacements include chief financial officer Jeremie Papin, chief planning officer Ivan Espinos, and chief performance officer Guillaume Cartier. It remains unclear whether the next CEO will be an interim or permanent appointment.
Earlier this year, Honda and Nissan engaged in formal merger discussions, which seemed like a lifeline for Nissan. However, the talks collapsed when Honda proposed that Nissan become a subsidiary rather than an equal partner in a newly formed conglomerate. Nissan executives balked at the idea, calling it an "insane decision."