Nissan Motor: CEO Uchida to step down, replaced by Espinosa

Mar 12 (News On Japan) - Nissan Motor says its president and CEO will step down. Uchida Makoto is seen as responsible for the Japanese automaker's worsening business, among other issues.

The company terminated merger talks with Honda Motor in February after just one and a half months of discussions.

The firm's board of directors decided on Tuesday that Uchida would step down. Chief Planning Officer Ivan Espinosa is slated to take up his posts from April 1.

Nissan Motor President and CEO Uchida Makoto said: "The top priority for Nissan now is to get out of this situation as soon as possible and get the company back on a growth track. I also decided that it would be best for the company to shift to new management and make a fresh start as soon as possible."

Espinosa worked for a Nissan unit in his native Mexico from 2003. He handled global product strategy and planning as a corporate officer from 2018. He assumed his current post in April last year.

Nissan's business is rapidly deteriorating.

The firm expects a net loss of 80 billion yen, or about 540 million dollars, for this fiscal year through March. That is mainly due to sales slumps in the United States and China.

Hokkaido Shinkansen Sapporo Extension Delayed by 12 Years

The long-delayed extension of the Hokkaido Shinkansen to Sapporo is facing further setbacks, with the opening now pushed back by more than a decade and total project costs projected to more than double, even as construction steadily advances on the ground.

Water Gushes From Kasumigaseki Station

Water erupted from near the ceiling of an underground passage inside Tokyo Metro’s Kasumigaseki Station in Chiyoda Ward at around 6:00 p.m. on January 14th, in what the operator believes was caused by a burst water supply pipe.

Hokkaido to Ease Brown Bear Alerts

Hokkaido is set to relax the criteria for issuing its so-called “brown bear alert,” making it possible to release warnings even before human injuries occur, as the prefecture seeks to respond more flexibly to the early appearance of dangerous animals.

Japan Welcomes New Generation of Adults

Ceremonies celebrating those turning 20 were held across Japan on January 12th, with events taking place nationwide to mark Coming of Age Day.

China Begins Restricting Rare Earth Exports to Japan, U.S. Paper Reports

The Wall Street Journal reported on January 8th, citing two Chinese exporters, that the Chinese government has started imposing limits on shipments of rare earths and related materials bound for Japan.

MEDIA CHANNELS

MORE Business NEWS

Bitcoin's Decoupling from Gold Hints at Substantial Price Surge by March

Bitcoin's trajectory is showing promising signs of significant growth, with projections suggesting a possible 50% price increase by March, as its correlation with gold diminishes.

Nikkei Average Closes Above 54,000 for First Time

Japan’s stock market extended its rally as election-related buying and a weaker yen pushed the Nikkei Average to a record close above the 54,000 mark for the first time.

JR East and JAL Team Up on Same-Day Seafood Delivery

JR East and Japan Airlines have launched a joint logistics service that relays cargo between bullet trains and aircraft, aiming to shorten transport times for fresh products.

End of an Era for a Long-Running Youth Fashion Hub in Osaka

For more than three decades, Shinsaibashi OPA, long regarded as a landmark in Osaka’s Minami district, closed its doors on January 12th, bringing an end to 31 years of history.

Challenging the Disposal of 560,000 Tons of Clothing a Year

As mass production and mass consumption continue to drive the disposal of some 560,000 tons of clothing each year, there is growing urgency to reduce waste and build systems that circulate garments as reusable resources rather than discards.

China Begins Restricting Rare Earth Exports to Japan, U.S. Paper Reports

N-BOX Tops Japan’s New Car Sales for Fourth Straight Year

According to vehicle-by-model new car sales figures released on January 8th by the Japan Automobile Dealers Association and the National Light Motor Vehicle Association, the best-selling vehicle in Japan in 2025 was Honda’s light vehicle N-BOX, marking its fourth consecutive year at the top of the rankings.

Japan’s Real Wages in November Fall 2.8%

In Japan, real wages in November, adjusted for price fluctuations, fell 2.8% from the same month a year earlier, marking the 11th consecutive month of decline.

< 2 3 4 5 >