However, Uchida's words are starting to ring hollow. Without major restructuring, new leadership, and a ton of money, Nissan has little potential to survive as an automaker at all. A wholly owned subsidiary, at this point, would be better than ceasing to exist. The road to this point has been made of bad decisions and little foresight.

Nissan CEO Makoto Uchida is under deepening pressure over the Japanese automaker's weakening performance and board members are due to gather on March 11 to discuss potential successors, people familiar with the matter have said.

Nissan Motor Co. will hold a board meeting on March 11 to discuss the future of Chief Executive Officer Makoto Uchida, according to people familiar with the matter.

By Maki Shiraki, Daniel Leussink and Norihiko Shirouzu TOKYO (Reuters) -Nissan directors are due to gather on March 11 to discuss potential successors for CEO Makoto Uchida, whose position is seen as increasingly untenable given the Japanese automaker's weak performance,

Nissan Motor Co. (OTC:NSANY) is set to hold a critical board meeting on March 11 to discuss potential successors for CEO Makoto Uchida, following mounting pressure over the automakers poor performance,