YOKOHAMA, Japan (Reuters) - Nissan's board of directors will meet on Tuesday to discuss potential successors to CEO Makoto Uchida, who is under pressure to step down due to the Japanese automaker's worsening earnings performance and failed merger talks with Honda.

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.

Directors of Japan's third-largest automaker Nissan will discuss potential successors to CEO Makoto Uchida at a meeting on March 11, as his position has become untenable given the worsening performance of the company,

To everyone's surprise, Uchida's resignation comes hot on the heels of the collapse of merger negotiations with Honda. Negotiations stalled almost the moment it was suggested that