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Honda and Nissan, Japan’s second- and third-largest automakers, are holding merger talks to create a structure that would enable them to better withstand fierce competition from the likes of Tesla and Chinese electric vehicle (EV) rivals, according to reports. News agency Nikkei first reported that the two companies were holding merger talks to determine how they could cooperate more closely on technology. According to Reuters , the talks aim to set up an umbrella holding company and not necessarily merging the two companies together. Mitsubishi, which Nissan has a 24% stake in, is also considered to be included in the partnership. What’s for sure is that the two automakers have stepped up their cooperation in recent months as they seek a common strategy to address a fast-changing EV landscape. Both Honda and Nissan separately issued a statement confirming this much. “As announced in March of this year, Honda and Nissan are exploring various possibilities for future collaboration, leveraging each other’s strengths,” the statement says. Analysts believe Honda’s strengths in developing powertrains, notably for hybrids, could combine with Nissan’s experience in electric vehicles, which goes back to the LEAF in 2010. The two automakers’ partnership has been centering on technology for EVs , including components and software. What started as an alliance to face intense price competition from the likes of China’s BYD only intensified through the year as the global auto industry also recorded slowing sales in Europe and the U.S. In addition, the industry is now facing the potential reversal of pro-EV policies in the U.S. with the incoming administration of President-elect Donald Trump. The merger might also face scrutiny from the Trump administration, which has taken an aggressive stance on imported vehicles, including threats to impose steep tariffs. A Honda/Nissan merger would yield one of the largest auto groups in the world, with combined sales of about 8 million.Fluence Energy, Inc. Reports Record Performance in 2024 and Initiates 2025 Guidance
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In the lead-up to the Black by-election, South Australian Liberal elder Trish Worth didn't feel her party would win. "If you've got political experience you can pick the vibes up," Ms Worth said. "I guess not too many Liberals were expecting that we would win because things had been so messy beforehand." Black by-election a 'vote of confidence' Photo shows Peter Malinauskas on the hustings on polling day during the Black by-election. Labor has described the Black by-election boilover as a "vote of confidence" — but the result is equally, if not more, telling for the South Australian Liberal Party, which has been whittled down to just 13 lower house MPs. Messy is one way to describe it. Sitting MP and former Liberal leader David Speirs had just had his first court appearance, charged with drug offences. Also of concern to Ms Worth was a failed bid by a conservative Liberal MP in SA Parliament's upper house to change abortion laws. The former Howard government parliamentary secretary saw it as a mistake that didn't have the party's best interests at heart. "Once upon a time in the Howard government, people in marginal seats would talk about selfish people who were senators or had a safe seat and went off on some frolic," she said. "In the party room if there were others acting selfishly, any number of people would stand up and shame them really, pointing out that they were acting selfishly and working against the team and costing people their seats." It's a long time since Ms Worth sat in parliament, but she's still actively involved in the party, and sits on its state council. Ms Worth is a moderate, and said over time the make up of the council had changed, with a push from the party's hard right, led by Senator Alex Antic, to recruit like-minded members. "What's happened is there has been some branch stacking which has been all about just getting delegates onto state council," she said. "The traditional conservatives and moderates I think that I've... ABC News
Papers: Spurs set to be forced into January move for new goalkeeper