Two of Japan’s largest automakers – Nissan and Honda – announced on Monday that they plan to work toward a merger, which would make the combined entity the third-largest vehicle manufacturer in the world. The announcement comes at a time when the global automotive industry is undergoing a major shift from internal combustion engines to electric vehicles. Experts say this proposed merger could change the landscape for consumers everywhere, including here in Canada. The two companies said they had signed a memorandum of understanding on Monday and that smaller Nissan alliance member Mitsubishi Motors Corp. also had agreed to join the talks on integrating their businesses. Dimitry Anastakis, a professor at the Rotman School of Management at the University of Toronto, said, “It shows you that there is a lot of consolidation that’s happening in the auto sector.” Anastakis likened this to the creation of Stellantis in 2021, formed after the merger of Peugeot and Chrysler. While Honda has had a diverse range of offerings, they have been lagging behind in the race to dominate the EV market. “They do motorcycles, they do lawnmowers, they do ATVs, they do robots. They do all kinds of stuff, like a lot of Japanese companies. But they didn’t move that quickly into the EV sector,” Anastakis said. Automakers in Japan have lagged behind their big rivals in electric vehicles and are trying to cut costs and make up for lost time as newcomers like China’s BYD and EV market leader Tesla grow. Anastakis said, “The Chinese are further along in the segment. They’re able to offer less expensive cars.” One exception among Japanese EV manufacturers is Nissan, which had some success in the sector with the Nissan Leaf. “When they launched the Leaf, it became the most successful EV pretty much up until 2018, which is not that long ago, you know, it was only recently surpassed by Tesla,” he said. If Honda gets Nissan’s EV capacity, what does Nissan get in return? Anastakis said, “They get financial stability, which is what they need because since COVID, Nissan has really fallen a little bit behind.” Honda’s president, Toshihiro Mibe, said Honda and Nissan will attempt to unify their operations under a joint holding company. The Associated Press reported that Honda will lead the new management, retaining the principles and brands of each company. They aim to have a formal merger agreement by June and to complete the deal and list the holding company on the Tokyo Stock Exchange by August 2026, he said. No dollar value was given and the formal talks are just starting, Mibe said. There are “points that need to be studied and discussed,” he said in the Associated Press report. “Frankly speaking, the possibility of this not being implemented is not zero.” A merger could result in a behemoth worth more than $50 billion based on the market capitalization of all three automakers. Together, Honda, Nissan and Mitsubishi would gain scale to compete with Toyota Motor Corp. and with Germany’s Volkswagen AG. Toyota has technology partnerships with Japan’s Mazda Motor Corp. and Subaru Corp. Despite its toehold in the EV market, Nissan’s presence in North America has been limited. Erik Johnson, senior economist at BMO Capital Markets, said, “Almost all of that presence is focused in the United States and Mexico. They produce about a million vehicles (a year) between those countries. But they’re certainly not a player in the Canadian production space.” According to Driving.ca, the Nissan Leaf sold 1,469 units in Canada in 2022. Meanwhile, Tesla maintained its lead on the market with 24,400 units sold in 2022 and 36,900 in 2023. But Canadian demand for EVs is rising fast. According to analysis by S&P Global , Canada saw a 57 per cent rise in Battery Electric Vehicle registrations and 75 per cent rise in registrations of plug-in hybrids. This growth of the segment in Canada is significantly faster than in the United States. While Canadians are getting more interested in EVs, they remain too costly for many. The two best selling EVs in Canada – the Tesla Model 3 and Tesla Model Y – cost around $55,000 and $63,000 respectively. The Nissan Leaf can cost over $41,000 in Canada. Anastakis said, “EVs are expensive because this is a new technology. You have to spend billions and billions and billions of dollars just before you sell the first vehicle.” But as more and more companies pool resources and combine expertise, EVs could get cheaper to build over the next few years. “Japanese automakers have really found their footing in making mass market reliable, relatively more affordable vehicles,” Johnson said. With Canada having imposed tariffs on Chinese-made electric vehicles, Canadian consumers could see more choices in cheap, mass-produced Japanese EVs as an alternative to their Chinese counterparts in the coming years if the merger goes ahead. Johnson said this merger could also spur Honda and Nissan’s biggest competitor – Toyota – into action. “(This may even) spur a little bit of competition from Toyota by bringing new kinds of battery electric vehicles to market faster. In the North American auto space, that could meaningfully change the competition landscape and lead to more affordable vehicles,” he said. Honda’s internal combustion engine sales in Canada remain robust. The company sold 112,535 cars in Canada in 2023, according to Driving.ca. Though its market share is still not back to pre-pandemic levels, the company saw an increase in sales of 22 per cent. Now, Honda wants to put its resources towards getting a bigger share of the EV pie. In April, Honda announced a $15 billion investment in an EV plant in Ontario , which Prime Minister Justin Trudeau described as “historic.” With the two auto giants combining strengths, Johnson said Canadians should watch out for whether Nissan plans to increase its manufacturing bases in North America. “Is there going to be some potential here for some of Nissan’s production to be relocated either to the United States or Canada? So either increasing Nissan’s presence in the U.S. or maybe even adding a little bit more production capacity in Canada,” he said. On the other hand, he said observers shouldn’t discount the possibility that some production facilities might be restructured or consolidated as a result of the merger. According to Anastakis, however, Canada’s advantage as an EV manufacturing hub may come from an unlikely silver lining — the decline of the loonie. “The lower our dollar gets, the cheaper it is to make cars in Canada and the easier it is to sell cheap cars made in Canada outside of the country, which is one of the few silver linings of the declining dollar,” he said. –with files from Associated PressFurthermore, commercial banks are conducting financial literacy programs and educational seminars to raise awareness about the importance of retirement planning and the benefits of personal pension products. By partnering with industry experts, hosting workshops, and providing educational resources, banks are empowering individuals to make informed decisions about their retirement savings and investments. This proactive approach not only fosters trust and loyalty among customers but also contributes to the overall financial well-being of society.
Louisville extends athletic director Josh Heird for 5 years through June 2030
Li Sisi's shift to becoming an online influencer has not only proven her versatility but has also highlighted the evolving landscape of media and commerce. In an era where digital content and e-commerce reign supreme, her ability to stay relevant and engage with consumers in new and innovative ways is a testament to her adaptability and foresight.
Title: Community Response to 19-Year-Old Brother Dropping Out of School to Work and Care for Younger Sister - Siblings Receive Assistance for Worry-Free LifeThe decision to sell their beloved home comes as a surprise to many, given Chow Yun-fat's enduring popularity and successful career in the entertainment industry. However, sources close to the couple indicate that they are looking to downsize and simplify their lifestyle, opting for a more manageable residence that better suits their current needs.Share this Story : ALL TOO FAMILIAR: Ottawa Senators need to turn the page and climb standings - fast Copy Link Email X Reddit Pinterest LinkedIn Tumblr Breadcrumb Trail Links Ottawa Senators Sports Hockey NHL Senators Extra ALL TOO FAMILIAR: Ottawa Senators need to turn the page and climb standings - fast Author of the article: Bruce Garrioch Published Nov 22, 2024 • Last updated 49 minutes ago • 4 minute read Join the conversation You can save this article by registering for free here . Or sign-in if you have an account. Ottawa Senators goaltender Linus Ullmark and Thomas Chabot keep their eyes on the puck as they battle with Vegas Golden Knights. THE CANADIAN PRESS Article content The Ottawa Senators sat second-last in the Eastern Conference on Friday morning. Only a point ahead of the last-place Montreal Canadiens, there should be nowhere to go but up for the Senators. But, mired in a four-game losing streak after a 3-2 loss to the Vegas Golden Knights on Thursday, you have to wonder if that’s the case. As they reach the 20-game mark against the Vancouver Canucks on Saturday on Hockey Night in Canada at the Canadian Tire Centre, the Senators need to find a way to right the ship because the schedule only gets tougher from here. Advertisement 2 Story continues below This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Exclusive articles from Elizabeth Payne, David Pugliese, Andrew Duffy, Bruce Deachman and others. Plus, food reviews and event listings in the weekly newsletter, Ottawa, Out of Office. Unlimited online access to Ottawa Citizen and 15 news sites with one account. Ottawa Citizen ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles, including the New York Times Crossword. Support local journalism. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Exclusive articles from Elizabeth Payne, David Pugliese, Andrew Duffy, Bruce Deachman and others. Plus, food reviews and event listings in the weekly newsletter, Ottawa, Out of Office. Unlimited online access to Ottawa Citizen and 15 news sites with one account. Ottawa Citizen ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles, including the New York Times Crossword. Support local journalism. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Sign In or Create an Account Email Address Continue or View more offers If you are a Home delivery print subscriber, unlimited online access is included in your subscription. Activate your Online Access Now Article content Winless in the first two of this four-game set at home, the club will wrap up this stay in Ottawa against the Calgary Flames on Monday. Then, they’ll head to California to begin a stretch that will see the club play 14 of its next 19 games on the road. We apologize, but this video has failed to load. Try refreshing your browser, or tap here to see other videos from our team . Play Video The Senators are feeling the heat because they know victories are paramount to make the playoffs for the first time since 2017. Next week is the pivotal American Thanksgiving date in the National Hockey League and often if you’re not in the playoff picture then, you don’t make it. But coach Travis Green is trying to get this club’s young core to leave what has happened in the past behind them and focus on the task at hand. “When you play in an area where everybody wants to win so bad that they can feel it and taste it, well the players are the same way and so are we,” Green said on Thursday night. “Learning to deal with that is not just easy. It takes resolve. You’ve got to go through some tough times sometimes and when you’re not maybe playing your best ... I say maybe playing our best, we played a hell of a game against Philadelphia, we went into Carolina and played pretty good. Sports Get the latest sport headlines and breaking news. There was an error, please provide a valid email address. Sign Up By signing up you consent to receive the above newsletter from Postmedia Network Inc. Thanks for signing up! A welcome email is on its way. If you don't see it, please check your junk folder. The next issue of Sports will soon be in your inbox. We encountered an issue signing you up. Please try again Article content Advertisement 3 Story continues below This advertisement has not loaded yet, but your article continues below. Article content “We didn’t love our Edmonton game. We came out tonight and we got 43 shots and 73 shot attempts, their goalie plays well and our guy plays well and we lose it by a goal. If we had won two or three in a row, everyone would be like ‘Ah, they lost.’ Your questions would probably be different too, ‘You played well and didn’t win.’ “You play one game, assess it and then play the next game. You get ready to play it whether you win or lose and that’s the way good teams play. They play the same way every night and then they win more than they lose. That’s what we’re trying to get to.” Green is only 19 games into his first season with Ottawa, but his challenge is trying to erase what has happened here in the past. That has been a taller task than he could have predicted. He didn’t like the result against the Knights, but was pleased with the effort and is confident if that keeps up then the Senators will get this ship headed in the right direction. The Senators have a 1-9-1 record when they’ve given up the first goal and have lost nine straight when that has been the case because this group has a hard time dealing with adversity. Advertisement 4 Story continues below This advertisement has not loaded yet, but your article continues below. Article content Not every game is going to be perfect and the key pieces of this team have all been part of what’s happened here in the past. “Stick with it,” he said. “Sometimes when you win a couple of games things really get magnified and when you win things also get magnified. That’s playing in a Canadian market. “There’s a little bit of carryover from years past of ‘Here we go again’ around here. You can only worry about the present, not worry about the past. Control what’s ahead of you, not what’s behind you. Our group still has to learn that. I could feel it when it got to 2-0 tonight.” Goaltender Linus Ullmark needs to find the answers and quick. Ullmark did play well against the Knights, but he also gave up a bad goal, which has been the case many nights. The second goal by Brett Howden to give Vegas a 2-0 lead in the second period was one that Ullmark had to save. Making the necessary stops has been a huge issue for Ullmark and it has to change or the Senators won’t get this turned around. He has a 2-4-1 record in seven appearances this month with a 3.14 goals-against average and an .876 save percentage. Advertisement 5 Story continues below This advertisement has not loaded yet, but your article continues below. Article content Recommended from Editorial TAKEAWAYS: Senators lose fourth in a row as third-period rally falls short against Vegas Ottawa Senators need to find confidence and belief after fourth straight loss That save percentage this month has Ullmark ranked No. 38 in the league in November. He’s ranked No. 41 in the NHL through the whole season with a .887 save percentage. Those numbers won’t allow any franchise to be successful and who starts against the Canucks? Will it be Ullmark or Anton Forsberg? It should be Ullmark because the organization has to find a way to get him back on track, but the way he’s playing there are no guarantees that will be the case. If he isn’t able to find his game soon then the issues will only get worse for the Senators. This has to turn around — and it has to turn around now. bgarrioch@postmedia.com Article content Share this article in your social network Share this Story : ALL TOO FAMILIAR: Ottawa Senators need to turn the page and climb standings - fast Copy Link Email X Reddit Pinterest LinkedIn Tumblr Comments You must be logged in to join the discussion or read more comments. Create an Account Sign in Join the Conversation Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information. Trending Return-to-office rules broken by almost a third of Treasury Board staff: document Public Service Pat King found guilty of mischief for role in convoy protest News No plans to buy first person drones for Canadian Armed Forces Defence Watch Special forces tracked former soldier’s social media, shared private info without consent Defence Watch 'Critical' watermain break prompts no-dig order in Ottawa Local News Read Next Latest National Stories Featured Local Savings
WASHINGTON (AP) — The House Ethics Committee on Monday accused Matt Gaetz of “regularly” paying for sex, including with a 17-year-old girl, and purchasing and using illicit drugs as a member of Congress, as lawmakers released the conclusions of a nearly four-year investigation that helped sink his nomination for attorney general. The 37-page report by the bipartisan panel includes explicit details of sex-filled parties and vacations that Gaetz, now 42, took part in from 2017 to 2020 while the Republican represented Florida's western Panhandle. Congressional investigators concluded that Gaetz violated multiple state laws related to sexual misconduct while in office, though not federal sex trafficking laws. They also found that Gaetz “knowingly and willfully sought to impede and obstruct” the committee's work. “The Committee determined there is substantial evidence that Representative Gaetz violated House Rules and other standards of conduct prohibiting prostitution, statutory rape, illicit drug use, impermissible gifts, special favors or privileges, and obstruction of Congress,” the report said. Before the report came out, Gaetz denied any wrongdoing and criticized the committee's process. “Giving funds to someone you are dating — that they didn’t ask for — and that isn’t ‘charged’ for sex is now prostitution?!?” he posted on X, the website formerly known as Twitter. “There is a reason they did this to me in a Christmas Eve-Eve report and not in a courtroom of any kind where I could present evidence and challenge witnesses.” Gaetz , who was first elected in 2017, spent the majority of his time in Washington enmeshed in scandals that ultimately derailed his selection by President-elect Donald Trump to lead the Justice Department . Gaetz abruptly resigned from Congress last month. His political future is uncertain, although Gaetz has indicated interest in running for the open Senate seat in Florida. The committee painted a damning portrait of Gaetz's conduct, using dozens of pages of exhibits, including text messages and financial records, travel receipts, checks and online payments, to document a party and drug-fueled lifestyle. The committee said it compiled the evidence after issuing 29 subpoenas for documents and testimony and contacting more than two dozen witnesses. In addition to soliciting prostitution, the report said Gaetz “accepted gifts, including transportation and lodging in connection with a 2018 trip to the Bahamas, in excess of permissible amounts.” That same year, investigators said Gaetz arranged for a staffer to obtain a passport for a woman with whom he was sexually involved, falsely telling the State Department that she was his constituent. In some of the text exchanges made public, he appeared to be inviting various women to events, getaways or parties, and arranging airplane travel and lodging. At one point he asked one woman if she had a “cute black dress” to wear. There were also discussions of shipping goods. One of the exhibits was a text exchange that appeared to be between two of the women concerned about their cash flow and payments. In another, a person asked Gaetz for help to pay an educational expense. Regarding the 17-year-old girl, the report said there was no evidence Gaetz knew she was a minor when he had sex with her. The woman told the committee she did not tell Gaetz she was under 18 at the time and that he learned she was a minor more than a month after the party. But Gaetz stayed in touch with her after that and met up with her for “commercial sex” again less than six months after she turned 18, according to the committee. Florida law says it is a felony for a person 24 or older to have sex with a minor. The law does not allow a claim of ignorance or misrepresentation of a minor's age as a defense. Joel Leppard, who represents two women who told the committee that Gaetz paid them for sex, said the findings “vindicate” the accounts of his clients and “demonstrate their credibility.” “We appreciate the Committee’s commitment to transparency in releasing this comprehensive report so the truth can be known,” Leppard said in a statement. At least one Republican joined all five Democrats on the committee earlier this month in voting to release the report despite initial opposition from GOP lawmakers, including House Speaker Mike Johnson, to publishing findings about a former member of Congress. While ethics reports have previously been released after a member’s resignation, it is extremely rare. On behalf of the Republicans who voted against making the report public, the committee chairman, Rep. Michael Guest of Mississippi, wrote that while the members did not challenge the findings, “we take great exception that the majority deviated from the Committee’s well-established standards,” to drop any investigation when a person is not longer a member of the chamber. Guest added that releasing this report sets a precedent that “is a dangerous departure with potentially catastrophic consequences.” But Maryland Rep. Glenn Ivey, a Democratic member of the committee, said that for transparency, it was crucial for the public and Congress as an institution to read the findings. "I think that’s important for my colleagues here in the House to know how the committee reviews certain acts," he told The Associated Press. "Some of these were obviously conduct that crossed the line, but some of them weren’t.” Mounting a last-ditch effort to halt the publication of the report, Gaetz filed a lawsuit Monday asking a federal court to intervene. He cited what he called “untruthful and defamatory information” that would “significantly damage” his “standing and reputation in the community.” Gaetz’s complaint argued that he was no longer under the committee’s jurisdiction because he had resigned from Congress. The often secretive, bipartisan committee has investigated claims against Gaetz since 2021. But its work became more urgent last month when Trump picked him shortly after the Nov. 5 election Day to be the nation's top law enforcement officer. Gaetz resigned from Congress that same day, putting him outside the purview of the committee's jurisdiction. But Democrats had pressed to make the report public even after Gaetz was no longer in the House and had withdrawn from consideration for Trump's Cabinet. A vote on the House floor this month to force the report’s release failed; all but one Republican voted against it. The committee detailed its start-and-stop investigation over the past several years, which was halted for a time as the Justice Department conducted its own inquiry of Gaetz. Federal prosecutors never brought a case against him. Lawmakers said they asked the Justice Department for information about its investigation, but the agency refused to hand over information, saying it does not disclose information about investigations that do not result in charges. The committee then subpoenaed the department for records. After a back-and-forth between department officials and the committee, the department only handed over “publicly reported information about the testimony of a deceased individual,” according to the committee's report. The report said Gaetz was “uncooperative" throughout the committee's investigation. He provided “minimal documentation” in response to the committee’s requests, it said. “He also did not agree to a voluntary interview.” (Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission)感谢您阅读本篇关于华为在舟山群岛建立温暖桥梁的文章。华为以其卓越的服务和创新精神，为舟山群岛的发展和繁荣作出了积极贡献，为我们展示了科技力量在连接人与人之间、人与自然之间的重要作用。期待华为继续为舟山群岛及全球各地带来更多正能量，共同开创美好未来。
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Pearl Diver Credit Company Inc. Prices Offering of Series A Preferred StockTHUNDER BAY – The Thunder Bay Border Cats will open their home schedule on May 28. The Northwoods League team, who start the 2025 campaign on the road on May 26 against the Eau Claire Express, will welcome the Rochester Honkers to Port Arthur Stadium two nights later to open their 20th season. New manager Joe Ellison will be at the helm. The 2025 schedule includes school-day games on June 4 against Duluth, and June 17 against the LaCrosse Loggers. The Cats will also host heir annual Canada Day game on July 1 against the Waterloo Bucks. The team will host three fireworks games, on Friday, May 30, Monday, June 30 and Thursday, Aug. 7, following their final regular-season game against their cross-border rivals, the Duluth Huskies. The Northwoods League playoffs are scheduled to begin on Aug. 10. The Border Cats finished 35-34 last season, the third-best record in the Great Plains East Division, finishing three games behind Duluth and two behind Waterloo.Two of Japan’s largest automakers – Nissan and Honda – announced on Monday that they plan to work toward a merger, which would make the combined entity the third-largest vehicle manufacturer in the world. The announcement comes at a time when the global automotive industry is undergoing a major shift from internal combustion engines to electric vehicles. Experts say this proposed merger could change the landscape for consumers everywhere, including here in Canada. The two companies said they had signed a memorandum of understanding on Monday and that smaller Nissan alliance member Mitsubishi Motors Corp. also had agreed to join the talks on integrating their businesses. Dimitry Anastakis, a professor at the Rotman School of Management at the University of Toronto, said, “It shows you that there is a lot of consolidation that’s happening in the auto sector.” Anastakis likened this to the creation of Stellantis in 2021, formed after the merger of Peugeot and Chrysler. While Honda has had a diverse range of offerings, they have been lagging behind in the race to dominate the EV market. “They do motorcycles, they do lawnmowers, they do ATVs, they do robots. They do all kinds of stuff, like a lot of Japanese companies. But they didn’t move that quickly into the EV sector,” Anastakis said. Automakers in Japan have lagged behind their big rivals in electric vehicles and are trying to cut costs and make up for lost time as newcomers like China’s BYD and EV market leader Tesla grow. Anastakis said, “The Chinese are further along in the segment. They’re able to offer less expensive cars.” One exception among Japanese EV manufacturers is Nissan, which had some success in the sector with the Nissan Leaf. “When they launched the Leaf, it became the most successful EV pretty much up until 2018, which is not that long ago, you know, it was only recently surpassed by Tesla,” he said. If Honda gets Nissan’s EV capacity, what does Nissan get in return? Anastakis said, “They get financial stability, which is what they need because since COVID, Nissan has really fallen a little bit behind.” Honda’s president, Toshihiro Mibe, said Honda and Nissan will attempt to unify their operations under a joint holding company. The Associated Press reported that Honda will lead the new management, retaining the principles and brands of each company. They aim to have a formal merger agreement by June and to complete the deal and list the holding company on the Tokyo Stock Exchange by August 2026, he said. No dollar value was given and the formal talks are just starting, Mibe said. There are “points that need to be studied and discussed,” he said in the Associated Press report. “Frankly speaking, the possibility of this not being implemented is not zero.” A merger could result in a behemoth worth more than $50 billion based on the market capitalization of all three automakers. Together, Honda, Nissan and Mitsubishi would gain scale to compete with Toyota Motor Corp. and with Germany’s Volkswagen AG. Toyota has technology partnerships with Japan’s Mazda Motor Corp. and Subaru Corp. Despite its toehold in the EV market, Nissan’s presence in North America has been limited. Erik Johnson, senior economist at BMO Capital Markets, said, “Almost all of that presence is focused in the United States and Mexico. They produce about a million vehicles (a year) between those countries. But they’re certainly not a player in the Canadian production space.” According to Driving.ca, the Nissan Leaf sold 1,469 units in Canada in 2022. Meanwhile, Tesla maintained its lead on the market with 24,400 units sold in 2022 and 36,900 in 2023. But Canadian demand for EVs is rising fast. According to analysis by S&P Global , Canada saw a 57 per cent rise in Battery Electric Vehicle registrations and 75 per cent rise in registrations of plug-in hybrids. This growth of the segment in Canada is significantly faster than in the United States. While Canadians are getting more interested in EVs, they remain too costly for many. The two best selling EVs in Canada – the Tesla Model 3 and Tesla Model Y – cost around $55,000 and $63,000 respectively. The Nissan Leaf can cost over $41,000 in Canada. Anastakis said, “EVs are expensive because this is a new technology. You have to spend billions and billions and billions of dollars just before you sell the first vehicle.” But as more and more companies pool resources and combine expertise, EVs could get cheaper to build over the next few years. “Japanese automakers have really found their footing in making mass market reliable, relatively more affordable vehicles,” Johnson said. With Canada having imposed tariffs on Chinese-made electric vehicles, Canadian consumers could see more choices in cheap, mass-produced Japanese EVs as an alternative to their Chinese counterparts in the coming years if the merger goes ahead. Johnson said this merger could also spur Honda and Nissan’s biggest competitor – Toyota – into action. “(This may even) spur a little bit of competition from Toyota by bringing new kinds of battery electric vehicles to market faster. In the North American auto space, that could meaningfully change the competition landscape and lead to more affordable vehicles,” he said. Honda’s internal combustion engine sales in Canada remain robust. The company sold 112,535 cars in Canada in 2023, according to Driving.ca. Though its market share is still not back to pre-pandemic levels, the company saw an increase in sales of 22 per cent. Now, Honda wants to put its resources towards getting a bigger share of the EV pie. In April, Honda announced a $15 billion investment in an EV plant in Ontario , which Prime Minister Justin Trudeau described as “historic.” With the two auto giants combining strengths, Johnson said Canadians should watch out for whether Nissan plans to increase its manufacturing bases in North America. “Is there going to be some potential here for some of Nissan’s production to be relocated either to the United States or Canada? So either increasing Nissan’s presence in the U.S. or maybe even adding a little bit more production capacity in Canada,” he said. On the other hand, he said observers shouldn’t discount the possibility that some production facilities might be restructured or consolidated as a result of the merger. According to Anastakis, however, Canada’s advantage as an EV manufacturing hub may come from an unlikely silver lining — the decline of the loonie. “The lower our dollar gets, the cheaper it is to make cars in Canada and the easier it is to sell cheap cars made in Canada outside of the country, which is one of the few silver linings of the declining dollar,” he said. –with files from Associated PressOur community members are treated to special offers, promotions and adverts from us and our partners. You can check out at any time. More info Liz Hatton, a photographer who has been on This Morning and met the likes of Kate Middleton , has passed away aged 17 after an 'unbelievably brave' battle with cancer. Liz passed away in the early hours of Wednesday morning at her home in Harrogate, North Yorkshire less than a year after being diagnosed with an incurable desmoplastic small round cell tumour. Sharing the heartbreaking news in a statement posted to X, Liz's mum hailed her daughter's 'kindness, empathy and courage'. She penned: "Our incredible daughter Liz died in the early hours of this morning. She remained determined to the last. Even yesterday she was still making plans. We are so very proud of the kindness, empathy and courage she has shown in the last year. She was not only a phenomenal photographer, she was the best human, and the most wonderful daughter and big sister we could ever have asked for. No one could have fought harder for life than she did. "There is a gaping Liz shaped hole in our lives that I am not sure how we will ever fill. We have so much gratitude to every single one of you, whether you offered to help, or liked or shared posts - you ensured Liz’s last two months were her very best. She flew high until the end. We have two last favours to ask," the emotional post continued. "Firstly, we would like to ask you to share one of her photos - on your social media, or in real life, however you can. Let’s let her go out with a bang. #LizHatton (photos will follow in a thread but do also feel free to choose your own from @lizhatton_photography on Instagram) Secondly, if you can we would like you to help us with a mission to raise money to fund research into Desmoplastic Small Round Cell Tumour. With no charity in the UK or internationally funding into effective treatments are lacking. In 2024 a 15% 5 year survival rate is simply not enough. Together we can change that. Whether you can share, donate or raise funds - please be our village one more time." She concluded the statement by urging followers to donate to Liz's JustGiving page, with the proceeds going to help other families. Please check back regularly for the latest on this developing story as it is updated in real time here . From inside celeb homes to weddings, fashion and beauty, get the latest on the stories that matter to you by following OK! every time you see our name. Follow OK! on Instagram - CLICK HERE Join our 2m followers on Facebook - CLICK HERE View exclusive inside homes, weddings and BTS photoshoots on YouTube - CLICK HERE Follow OK! on TikTok - CLICK HERE
St Mirren's four games in 11 days doesn't faze Alex Iacovitti who is ready for anythingThe recent announcement by the Chinese Ministry of National Defense regarding the restriction of certain coastal airspace by the People's Liberation Army has sparked widespread discussion and speculation among experts and analysts. This move, aimed at strengthening China's national security and sovereignty, has elicited various responses from different countries and international organizations.
MSNBC bursts into hysterics over panelist's 'verbally incontinent' jab at Cabinet pickFurthermore, both Mbappe and the Barcelona signing have a natural flair and creativity that sets them apart from their peers. Mbappe's ability to dribble past defenders with ease and his eye for goal make him a constant threat on the field. Similarly, the Barcelona signing's vision, passing ability, and technical skill made him a joy to watch.
New York Emerging Technology Advisory Board Publishes First Report Outlining Vision to Elevate Leadership in AI