According to people familiar with the matter, Nissan is planning to replace its CEO as its performance continues to deteriorate and merger talks with Honda Motor have broken down. It is reported that Nissan's current CEO Makoto Uchida has previously stated that if he is asked to resign, he will accept it, but hopes to stay on until Nissan's business stabilizes. According to Makoto Uchida's previous financial warning, Nissan is expected to suffer a net loss of 80 billion yen in fiscal 2024, a huge gap compared to the net profit of 880 billion yen predicted nine months ago. Nissan faces a record debt maturity next year. After two downgrades in the past week, all three major credit rating agencies have downgraded the company to junk level. Earlier, at a press conference on February 13, Uchida admitted that Nissan will still need to rely on external cooperation in the future, "without partnerships, Nissan's survival will still be very difficult."