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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EU warns Israel as Trump’s envoy heads to Europe for Gaza truce talks | Israel-Palestine conflict News
The EU has warned Israel of potential action due to a starvation crisis in Gaza, where at least 101 Palestinians have died. As US envoy Steve Witkoff travels to Europe for ceasefire talks, the EU's Kaja Kallas criticized Israel for not improving humanitarian aid flow and condemned civilian killings at aid distribution points, while Qatar urges more international pressure on Israel. Want More Context? 🔎
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