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panalo999 net TOKYO — Japanese automakers Honda and Nissan announced plans to work toward a merger that would form the world's third-largest automaker by sales, as the industry undergoes dramatic changes in its transition away from fossil fuels. The two companies said they signed a memorandum of understanding on Monday and that smaller Nissan alliance member Mitsubishi Motors Corp. also agreed to join the talks on integrating their businesses. Automakers in Japan lag behind their big rivals in electric vehicles and are trying to cut costs and make up for lost time as newcomers such as China's BYD and EV market leader Tesla devour market share. Honda's president, Toshihiro Mibe, said Honda and Nissan will attempt to unify their operations under a joint holding company. 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. People are also reading... Nebraska Gov. Jim Pillen hospitalized at UNMC after falling from horse Nebraska volleyball falls to Penn State in 5 sets in Final Four: How it happened Nebraska volleyball libero Lexi Rodriguez signs to play with Omaha pro team Nebraska QB Dylan Raiola addresses transfer portal speculation: 'It was unfortunate' Longtime Wahoo boys basketball coach Kevin Scheef resigns Amie Just: Lexi Rodriguez deserved a national title. For her career to end like this? 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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. News of a possible merger surfaced earlier this month, with unconfirmed reports saying Taiwan iPhone maker Foxconn was seeking to tie-up with Nissan by buying shares from the Japan company's other alliance partner, Renault SA of France. Nissan's CEO Makoto Uchida said Foxconn had not directly approached his company. He also acknowledged that Nissan's situation was "severe." Even after a merger, Toyota, which rolled out 11.5 million vehicles in 2023, would remain the leading Japanese automaker. If they join, the three smaller companies would make about 8 million vehicles a year. In 2023, Honda made 4 million, and Nissan produced 3.4 million. Mitsubishi Motors made just more than 1 million. "We have come to the realization that in order for both parties to be leaders in this mobility transformation, it is necessary to make a more bold change than a collaboration in specific areas," Mibe said. Nissan, Honda and Mitsubishi earlier agreed to share components for electric vehicles like batteries and to jointly research software for autonomous driving to adapt better to electrification. Nissan struggled following a scandal that began with the arrest of its former chairman, Carlos Ghosn, in late 2018 on charges of fraud and misuse of company assets, allegations that he denies. He eventually was released on bail and fled to Lebanon. Speaking Monday to reporters in Tokyo via a video link, Ghosn derided the planned merger as a "desperate move." From Nissan, Honda could get truck-based body-on-frame large SUVs such as the Armada and Infiniti QX80 that Honda doesn't have, with large towing capacities and good off-road performance, Sam Fiorani, vice president of AutoForecast Solutions, told The Associated Press. Nissan also has years of experience building batteries and electric vehicles, and gas-electric hybrid powertrains that could help Honda in developing its own EVs and next generation of hybrids, he said. The company said in November that it was slashing 9,000 jobs, or about 6% of its global workforce, and reducing its global production capacity by 20% after reporting a quarterly loss of $61 million. It recently reshuffled its management and Uchida, its chief executive, took a 50% pay cut while acknowledging responsibility for the financial woes, saying Nissan needed to become more efficient and respond better to market tastes, increasing costs and other global changes. "We anticipate that if this integration comes to fruition, we will be able to deliver even greater value to a wider customer base," Uchida said. Fitch Ratings recently downgraded Nissan's credit outlook to "negative," citing worsening profitability, partly because of price cuts in the North American market. But it noted it has a strong financial structure and solid cash reserves that amounted to $9.4 billion. Nissan's share price also fell to the point where it is considered something of a bargain. On Monday, its Tokyo-traded shares gained 1.6%. They jumped more than 20% after news of the possible merger broke last week. Honda's shares surged 3.8%. Honda's net profit slipped nearly 20% in the first half of the April-March fiscal year from a year earlier, as its sales suffered in China.Rosen Law Firm Encourages Light & Wonder, Inc. 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NoneA Port Kembla cafe owner is fighting the Wollongong City Council decision forcing it to close its doors in a few months. Black Friday Sale Subscribe Now! Login or signup to continue reading Rachel Weekes runs Cakes by Rach at the Military Road cafe, on a site that has seen various other establishments serving food since 1965. In February, the council ordered the cafe to close as it was located in a residential R2 zone where such activities were prohibited. That closure was delayed, and a new development control order was issued stating that the cafe had to close by the end of February. In the meantime, Ms Weeks lodged a development application to allow the cafe to continue operating, which was rejected in September because the council deemed the "existing uses" section of the planning legislation could not be used to override the zoning issue. Ms Weekes has lodged a review of the knockback, which the council will decide on by mid-March. "It's incredibly stressful," Ms Weekes said of the experience. "Not just for me, but it's stressful for the staff, especially as we go into Christmas. We've got no idea what to expect at the other side of that. "And financially it also hurts. We've had to pay for submissions of applications, and the planning proposal itself would be another one of those, and that's quite costly." As well as the review of the development application, she was also looking to submit a planning proposal to the council and said the council was conducting "an independent review of the whole situation". "The general manager will take a look at that and decide whether or not there is something else that maybe could be done or changed," Ms Weeks said. "Essentially he just wants to see all of the detail." Ms Weeks said she felt confident the result of all the work and stress will be that the cafe can remain open. "We're a single property and we've actually been operating for two years," she said. "So it's not a matter of trying to understand the impact of the business on the community or the environment because that's very clear already. "We've had no issues with any of that over the last two years. "So I'd be fairly confident the outcome of a planning proposal would be would be a positive one. "I just need to be allowed to continue to trade while that process is worked through." A statement from Wollongong City Council suggested the February close is still very much on the cards. "The cafe operator and landlord have been advised in writing that council will not enforce the development control order to stop the use of the premises as a restaurant or cafe until the end of February 2025," the council spokesperson said. "The operator of the cafe must comply with the development control order from March 1, 2025." The spokesperson confirmed an independent review is underway. "A separate review in response to specific complaints from the proprietor, not the historic use of the site, is ongoing," the spokesperson said. "Council will advise the proprietor when this has been completed." I'm an award-winning senior journalist with the Illawarra Mercury and have well over two decades' worth of experience in newspapers. I cover the three local councils in the Illawarra for the Mercury, state and federal politics, as well as writing for the TV guide. If I'm not writing, I'm reading. I'm an award-winning senior journalist with the Illawarra Mercury and have well over two decades' worth of experience in newspapers. I cover the three local councils in the Illawarra for the Mercury, state and federal politics, as well as writing for the TV guide. If I'm not writing, I'm reading. More from Latest News Newsletters & Alerts DAILY Today's top stories curated by our news team. Also includes evening update. 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Rising Air Travel Demand: A Key Driver Transforming the Main Landing Gears Market 2024Right now, all eyes are on the Rangers. The team that traded Jacob Trouba last week is having a terrible time: the Rangers have lost eight of their last ten games, and now it’s not working. In a high-pressure market like New York, that’s not acceptable. What’s more, the Rangers have everything they need to be dominant... The problem that’s becoming frequent is the lack of effort on the part of the players. The club’s stars are being blamed for the club’s failings because they haven’t always been there to win lately, and of the lot, there’s Mika Zibanejad who’s being crucified in the public square. The Swede, who is known as a good goal scorer, has scored five goals in 27 games so far this season. But there may be a reason for the maverick’s lack of success in the eyes of Larry Brooks, who covers the team’s activities for the New York Post. The journalist was on the Spittin’ Chiclets podcast ... And he said that Zibanejad is “very sensitive”. I think a lot of the criticism has gone to Zibanejad’s head. He’s very sensitive. Far too sensitive to what other people say about him. – Larry Brooks “I think a lot of the criticism got to [Zibanejad]. He’s very sensitive. Way too sensitive to what other people are saying about him.” @NYP_Brooksie on @spittinchiclets – Nyr_discussion (@DiscussionNyr) December 10, 2024 For sure, if Mika Zibanejad is playing the victim right now, it can’t help. We all have our own way of reacting when we’re criticized/insulted, and that’s why social networks can become dangerous for an athlete who isn’t performing up to his talent... But Zibanejad and the Rangers won’t move forward if they continue to keep their heads down. I mentioned this at the start of the article, but you can’t dismiss the fact that there’s a lot of pressure in New York. Expectations are high year after year because the club has the resources to win, and it’s only natural that people get impatient when they see the club’s disappointing performance of late. Just as in Montreal, the fans in New York are passionate. That said, it’s up to Zibanejad to raise his head and put in the necessary effort as one of the Rangers’ big leaders. His talent hasn’t disappeared now that he’s 31: he’s in a bad way and he needs to change something in his approach. If he doesn’t, he’ll continue to sink, and the fans will continue to make life difficult for him. Overtime – How many wins? The Habs next six games before the Christmas break pic.twitter.com/tRLCE4Whr9 – /r/Habs (@HabsOnReddit) December 10, 2024 – Happy Christmas! Happy Birthday, Ivan pic.twitter.com/H94TLFRkZY – DansLesCoulisses (@DLCoulisses) December 10, 2024 – Promising. This week on Stanley25: Catherine F. (O.D.) and her sister Alexandra. And we found a way to talk about the Canadiens players #NotTheLanguageInTheirPocket @Jean_JT_Trudel @9millions_ pic.twitter.com/dpEnnVnx1Z – Maxime Truman (@MaximeTruman) December 10, 2024 – Still: And on Amazon: Coast to coast: 230,000, including 32,000 in Quebec https://t.co/Yy4GbihoX6 – Maxime Truman (@MaximeTruman) December 10, 2024 – Yep. It makes a difference! Playing Kaiden Guhle on the left changes everything! It allows the other defenders to be in the right chair. pic.twitter.com/nNtQPxQ4Jb – BPM Sports (@BPMSportsRadio) December 10, 2024 – Love the energy. Is Lane Hutson gonna be the first player to win the Calder with ONLY assists ? @Miseojeu pic.twitter.com/rhCYJcbipw – HFTV (@HFTVSports) December 10, 2024 This article first appeared on Dose.ca and was syndicated with permission.Bizarre video of Rudy Guiliani dressed as Santa Claus with a woman on his lap in desperate bid to sell coffeePaladin Completes the Acquisition of Fission Uranium Corp.

Pep Guardiola’s side at least avoided the indignity of a sixth successive defeat in all competitions but alarm bells continue to ring at the Etihad Stadium after a dramatic late capitulation. A double from Erling Haaland – the first from the penalty spot – and a deflected effort from Ilkay Gundogan, all in the space of nine minutes either side of the break, looked to have ensured a return to winning ways. Yet Guardiola was left with his head in hands as Feyenoord roared back in the last 15 minutes with goals from Anis Hadj Moussa, Sergio Gimenez and David Hancko, two of them after Josko Gvardiol errors. City almost snatched a late winner when Jack Grealish hit the woodwork but there was no masking another dispiriting result. It was hardly the preparation City wanted for Sunday’s crunch trip to Liverpool, and the Feyenoord fans took great delight in rubbing that fact in. They sung the club anthem they share with Liverpool, You’ll Never Walk Alone, and chanted the name of their former manager Arne Slot, the current Reds boss. Guardiola arrived at the ground with a cut on the bridge of his nose and, once again, his side have been struck a nasty blow. Despite not being at their best, they had dominated early on against what seemed limited Dutch opposition. They threatened when a Gundogan shot was deflected wide and Haaland then went close to opening the scoring when he turned a header onto the post. Feyenoord goalkeeper Timon Wellenreuther gifted City another chance when he passed straight to Bernardo Silva but Grealish’s fierce volley struck team-mate Phil Foden. Foden forced a save from Wellenreuther but City had a moment of alarm when Igor Paixao got behind the defence only to shoot tamely at Ederson. Nathan Ake missed the target with a header but some luck finally went City’s way just before the break when Quinten Timber, brother of Arsenal’s Jurrien, was harshly adjudged to have fouled Haaland. The Norwegian rammed home the resulting spot-kick and City returned re-energised for the second period. They won a corner when a Matheus Nunes shot was turned behind and Gundogan fired the hosts’ second – albeit with aid of a deflection – with a firm volley from the edge of the box. City turned up the heat and claimed their third soon after as Gundogan released Nunes with a long ball and his low cross was turned into the net by a sliding Haaland. 44' ⚽️ Man City 1-0 Feyenoord50' ⚽️ Man City 2-0 Feyenoord53' ⚽️ Man City 3-0 Feyenoord75' ⚽️ Man City 3-1 Feyenoord82' ⚽️ Man City 3-2 Feyenoord89' ⚽️ Man City 3-3 Feyenoord 🤯🤯🤯 #UCL — UEFA Champions League (@ChampionsLeague) November 26, 2024 It seemed City were heading for a morale-lifting victory but a couple of Gvardiol errors changed the script. The Croatian, who had a torrid time in Saturday’s 4-0 thrashing by Tottenham, first horribly misplaced a backpass and allowed Moussa to nip in and round Ederson. Ordinarily that 75th-minute reply would have been a mere consolation and City would close out the game, but Gvardiol had another moment to forget eight minutes from time. Again he gave the ball away and Feyenoord pounced. The ball was lofted into the box and Jordan Lotomba fired a shot that glanced the post and deflected across goal, where Gimenez chested in. Ederson then blundered as he raced out of his area and was beaten by Paixao, who crossed for Hancko to head into an empty net. Amid some moments of unrest in the crowd, when objects were thrown, City tried to rally in stoppage time. Grealish had an effort deflected onto the bar but the hosts had to settle for a draw.Ivanka Trump puts on a very busty display while surfing on a fun-filled family vacation

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BENGALURU: Payments firm PayPal is facing a system issue that may be affecting multiple products, it said on Thursday. The outage comes on a day bitcoin, the world’s largest cryptocurrency, has surged to levels to over $98,000 and pulled other crypto stocks along with it. PayPal allows its clients to buy, sell and hold cryptocurrency. Exchanges Coinbase and Kraken also posted about outages with PayPal transactions and deposit delays, respectively, on their website. PayPal did not immediately respond to a Reuters request for additional comment. Downdetector, which collates status reports from a number of sources, said there were nearly 9,000 user reports of problems with PayPal transactions as of 1226 GMT.