Nissan is planning to replace CEO Makoto Uchida following disappointing financial earnings and the collapse of merger talks with Honda.

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.

By Maki Shiraki, Daniel Leussink and Norihiko Shirouzu TOKYO (Reuters) -Japan's Nissan will unveil a shake-up in its top ranks next month, three people familiar with the matter said on Thursday, adding that embattled CEO Makoto Uchida is currently expected to hang on to his job.

According to various reports, Honda wants to take the lead with the merger deal after the two were to form a joint holding company. The Big H would become the leader in said holding company with Nissan being reduced to a subsidiary of Honda.

Fitch Ratings said on Wednesday it has downgraded Nissan Motor's rating to junk-status BB+ from BBB-, referring to the Japanese automaker's "persistently low profitability, with a delayed recovery trajectory against our expectations".

TOKYO — Nissan Motor is considering replacing its CEO Makoto Uchida following a worsening in the Japanese automaker's business performance and the collapse of talks to combine with Honda Motor, Bloomberg News reported on Thursday citing people familiar ...

Reports of an overture towards the American electric vehicle maker come days after Nissan’s merger talks with Honda collapsed.

The Honda-Nissan on-again, off-again, on-again merger is the international automotive saga that keeps on giving. Now there's another twist.

Moody’s said the rating action reflects the Japanese automaker’s weak profitability driven by slowing demand for its aging model portfolio.