KEY TAKEAWAYS Japanese automaker Nissan Motor said Tuesday it is replacing CEO Makoto Uchida with Chief Planning Officer Ivan Espinosa, a month after its merger plan with rival Honda Motor collapsed.Nissan said Espinosa will take the helm on April 1.

Talks of a merger between Honda and Nissan could resume following Makoto Uchida's replacement as CEO by current Chief Planning Officer Ivan Espinosa.

Nissan Motor Co. named company insider Ivan Espinosa to replace Chief Executive Officer Makoto Uchida and helm the battered Japanese carmaker as it looks to secure a financial backer and stabilize its floundering business.