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.

Reports are circulating that current Nissan CEO Makoto Uchida will be stepping down as soon as next week following the collapsed merger

Nissan is deep in a hole and it's getting deeper each month. In February, negotiations on a merger fell through with Honda. However, Nissan’s CEO Makoto Uchida, while admitting Nissan can't survive without inside help,

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.

When news broke of official merger talks between Honda and Nissan came to light earlier this year, it seemed like there was relief on the horizon for the latter carmaker. It's no secret that the Yokohama,