Nissan’s chief executive Makoto Uchida is stepping down after growing calls for his resignation in the wake of deteriorating financial performance and the collapse of merger talks with rival Honda. The Japanese carmaker’s chief planning officer Ivan Espinosa will take over as chief executive from the start of April and attempt to revive the business,

Nissan on Tuesday named chief planning officer Ivan Espinosa to take the helm from April 1, marking the end to weeks of speculation over who would succeed Makoto Uchida as leader of the troubled Japanese carmaker Nissan made the announcement in a statement,