A $50 billion merger between Honda Motor and Nissan Motor, intended to create one of the world’s largest auto groups, has been called off. The decision to end talks highlights the industry’s shift towards rapid technological changes and the limitations of traditional auto alliances in catching up with competitors like Tesla and China’s BYD. Honda’s proposal to make Nissan its subsidiary was rejected, prompting speculation about potential new partnerships, such as with Foxconn, for both automakers moving forward.
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Two men charged over bail for housebreaking syndicate member, who absconded
Two men, Singaporean Wilson Ang and Malaysian Wai Kei Fung, have been charged in connection with the bail of Long Zhihua, a Chinese national involved in a significant jewellery theft in Singapore. Long, who absconded after being released on bail, had pleaded guilty to stealing S$570,000 worth of jewellery, while Ang faces charges for false police reporting and acting as an errant bailor. Want More Context? 🔎
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