Japanese automakers Honda and Nissan have announced plans to work toward a merger, forming the world’s third-largest automaker by sales. The companies aim to have a formal merger agreement by June and complete the deal by August 2026. The merger is driven by the need to cut costs and catch up in the electric vehicle market. The potential merger could create a behemoth worth over $50 billion based on market capitalization. This move comes after a preliminary agreement in March and follows a partnership announcement in August to share components for electric vehicles and research software for autonomous driving. Honda is seen as the only likely partner to rescue Nissan, which has been struggling since a scandal involving its former chairman, Carlos Ghosn, in late 2018.
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Pete Buttigieg, a Possible 2028 Contender, Won’t Run for Senate in Michigan
Former transportation secretary Pete Buttigieg is expected to announce that he will not run for Michigan's open Senate seat, potentially paving the way for a 2028 presidential bid. His decision to skip the 2026 Senate race allows for an easier transition to a future White House run, amid concerns of vulnerability to "carpetbagger" attacks due to his recent move to Michigan in 2022. As potential contenders for the Senate race emerge, Buttigieg's husband, Chasten Buttigieg,...
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