Nissan CEO Makoto Uchida to step down
Nissan announced on Tuesday that CEO Makoto Uchida will step down at the end of this month.
Current Chief Planning Officer Ivan Espinosa will be assuming the role starting in April in a bid to turn around the struggling Yokohama-based automaker.
Speculation was running high in recent weeks that Uchida would be taking responsibility for the failure of a proposed merger with Honda as well as poor earnings.
Uchida, 58, became Nissan CEO in 2019 and has led efforts to get the automaker back on its feet, but the initiatives have so far failed.
Ivan Espinosa
|
Nissan / via JIJI
The company is expected to post an ¥80 billion ($536 million) loss for the fiscal year ending March. In the first half of this fiscal year, Nissan's net profit fell about 90% mainly due to sluggish sales in North America and China while introducing a plan to cut 9,000 jobs.
Uchida recently sought a merger with Honda so that the two could combine forces in order to develop new products connected to automobiles, autonomous cars and electric vehicles.
However, the two automakers gave up on the merger, which would have created the world's No. 3 vehicle manufacturing group, last month, just weeks after talks formally started.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Nikkei Asia
5 hours ago
- Nikkei Asia
Goldman Sachs eyes $70m investment in Japan pharmacy systems firm
TOKYO -- Goldman Sachs will invest about 10 billion yen ($69.1 million) in Kakehashi, a Tokyo-based developer of software for pharmacies, the U.S. bank's first investment in a Japanese startup in two years. Goldman Sachs has invested more than $13 billion in startups since 2003. In Japan, it invested in marketplace app company Mercari in 2018 and taxi-hailing app developer Go in 2023.
Tokyo Weekender
7 hours ago
- Tokyo Weekender
Construction Near Foot of Mount Yotei Halted Amid Forest Law Violations
A development project near Mount Yotei in Hokkaido has been ordered to stop after authorities found possible violations of Japan's Forest Law, sparking renewed scrutiny of building practices in the rapidly growing Niseko tourism area. List of Contents: Work Stopped in Kutchan's Tatsumi District Broader Impacts on Tourism and Development Related Posts An aerial image of the construction site in Kutchan Town (photographed on May 23), image courtesy of Hokkaido Broadcasting Company. Work Stopped in Kutchan's Tatsumi District On June 6, the Shirebi City General Promotion Bureau issued a stop-work order for a construction site in Kutchan's Tatsumi district. The project, which involved building two detached homes, reportedly included extensive tree clearing that may have exceeded legal limits under forestry regulations. The developer, believed to be of Chinese descent, was working with a Sapporo-based firm known for building vacation homes. The site lies close to popular ski resorts, making it a prime location for tourism-driven real estate. The project came under fire following an inspection on June 4 that suggested the land clearing may have surpassed the 1-hectare threshold that requires a special permit. According to Japan's Forest Law, permits are necessary for any development over 1 hectare in forested zones. With the official inspection raising red flags, the Hokkaido Shimbun reports that the Bureau of Forestry now plans to demand a restoration plan to address environmental damage. Broader Impacts on Tourism and Development The incident comes as questions mount over how to manage growth in the Niseko region, where international investment and large-scale real estate projects have surged in recent years. It follows the recent bankruptcy of the La Plume Niseko resort, further fueling concerns about oversight, sustainability and the long-term impact of rapid development. The Mount Yotei case adds to a growing conversation about how to balance economic opportunity with environmental responsibility. As Niseko's global profile rises, the pressure to maintain strict regulatory standards is only increasing. Related Posts British Couple in Shorts and T-Shirt Rescued From 'Ghost of Yotei' Mountain Alternative Fujis: Japan's Lesser-Known Mountains That Rival Mount Fuji University Student Rescued From Mount Fuji Twice in Four Days
SoraNews24
16 hours ago
- SoraNews24
Miso soup as a full meal developed as the next evolution of the traditional side dish
Soup is good food. It makes a good meal. A traditional Japanese meal has at least three cornerstones: rice, miso soup, and another food, such as grilled fish or simmered vegetables, known as 'okazu' in Japanese. Rice acts as the backbone of the meal, while the okazu brings a little nutritional pizzazz, and miso soup serves a kind of nebulous role as both a liquid food and side dish that whets your whistle while also having a flavorful kick and health benefits of its own. There's also a lot that can be done with miso soup. It's basic components are water, soup stock, and a fermented soybean paste known as miso. Beyond that, you're free to toss in whatever else you want, with tofu, seaweed, and mushrooms among the common choices. It's exactly that freedom that led Tokyo-based startup Misovation to create what they call 'the next evolution in miso soup'. This range of soups, also called Misovation, uses different kinds of miso from across Japan and combines it with a large amount of complementary ingredients. One thing all these hearty soups have in common is that there's enough nutrition for each one to stand as a meal on its own. ▼ Step aside, rice! You're the side dish now. Misovation hopes their soups will catch on abroad as well as in Japan. Despite being a quintessential Japanese food, miso soup consumption is said to be on the decline, especially among younger people who opt for more convenient foods. Unfortunately, McDonald's doesn't offer miso soup, which is a shame because I think it would go really well with a Big Mac. This change in trends, along with other problems like rising food prices, has been hitting miso breweries hard and around 400 have gone out of business in the past 35 years. That's why Misovation works with several breweries to help showcase their unique flavors both at home and abroad. For example, their Sakura soup is made with Nanohana Miso made by Yamani Miso, the only surviving brewery in Sakura City, Chiba Prefecture, an area once called the 'Miso Room' because of all the production that went on there. ▼ Production at Yamani Miso In terms of convenience, even making miso soup the traditional way isn't terribly hard, but Misovation makes it even easier by dumping the flash-frozen ingredients into a bowl, adding water, and popping it in the microwave for about six minutes. Each bowl is said to have all the protein, fiber, probiotics, and other good stuff the body needs in a single meal. ▼ Microwaving a traditional Japanese food like this might seem a little gauche, but miso soup requires gentler heating than usual to preserve the taste and nutrition and microwaves can be well suited to do that. It is an amped-up form of the miso soup from days gone by, and some might not be as keen to eat such a filling version of it. For those people, Misovaton also has the Misobox, a subscription based miso soup delivery service in which instant versions of select regional 'craft miso soups' are sent right to your doorstep. Misovation can also be enjoyed on a subscription basis with new varieties being sent to you regularly, but however you do it, take the time to enjoy some miso soup to keep its healthy culture alive and support those who make it. After all, McMiso isn't likely to come out anytime soon even if the marketing practically writes itself. Source, images: PR Times 1, 2, 3 ● Want to hear about SoraNews24's latest articles as soon as they're published? Follow us on Facebook and Twitter!
