Nissan chief steps down after Japanese car giant reports dismal results

The chief executive of Japanese car giant Nissan, Makoto Uchida, is stepping down after the company reported dismal financial results (Eugene Hoshiko/AP)

The chief executive of Japanese car giant Nissan, Makoto Uchida, is stepping down after the company reported dismal financial results.

Nissan Motor Corp said in a statement on Tuesday that Ivan Espinosa, who is currently the company’s chief planning officer, will take Mr Uchida’s place, effective from April 1.