Former Nissan CEO Carlos Ghosn warned that if Nissan were to merge with Honda, it would result in cost-cutting “carnage” as there is significant duplication between the two companies. Ghosn believes that Honda would be in the driver’s seat, leading to Nissan bearing the brunt of any synergies through cost reductions and technology duplication. He emphasized that Nissan had better complementarities with Renault, its longstanding partner.
Full Article
2 rescued after Long Island Sound plane crash: Officials
Long Island Plane Crash RescuesOn Sunday morning, two individuals were rescued after their private Piper PA-32 plane crashed into Long Island Sound near Tweed New Haven Airport, Connecticut, around 10:30 a.m., as reported by the FAA and U.S. Coast Guard. The Coast Guard dispatched a 45-foot boat to the crash site near the Thimble Islands, successfully rescuing the occupants, who were in stable condition and later taken to Stony Creek Pier for medical care. The...
Read more