Star Tribune
Nissan, Honda confirm talks on closer collaboration but say there’s been no decision on a merger
The company has struggled for years 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.
Honda reported its profits slipped nearly 20% in the first half of the April-March fiscal year from a year earlier, as sales suffered in China.
Toyota made 11.5 million vehicles in 2023, while Honda rolled out 4 million and Nissan produced 3.4 million. Mitsubishi Motors made just over 1 million. Even after a merger Toyota would remain the leading Japanese automaker.
All the global automakers are facing potential shocks if President-elect Donald Trump follows through on threats to raise or impose tariffs on imports of foreign products, even from allies like Japan and neighboring countries like Canada and Mexico. Nissan is among the major car companies that have adjusted their supply chains to include vehicles assembled in Mexico.
Meanwhile, analysts say there is an ‘’affordability shift’’ taking place across the industry, led by people who feel they cannot afford to pay nearly $50,000 for a new vehicle. In American, a vital market for companies like Nissan, Honda and Toyota, that’s forcing automakers to consider lower pricing, which will eat further into industry profits.
WASHINGTON — The House Ethics Committee voted in secret to release the long-awaited ethics report into ex-Rep. Matt Gaetz, raising the possibility that the allegations against the Florida Republican who was President-elect Donald Trump’s first choice for attorney general could be made public in the coming days.
The decision by the bipartisan committee was made earlier this month, according to a person familiar with the vote who was not authorized to publicly discuss the matter and spoke on condition of anonymity Wednesday. CNN first reported the vote.
It’s a stunning turnaround for the often secretive panel of five Republicans and five Democrats. Just last month, members voted along party lines to not release the findings of their nearly four-year investigation into allegations of sexual misconduct with minors and use of illicit drugs while Gaetz was in office.
Democrats had pressing to make the report public even though Gaetz was no longer in Congress and had withdrew as Trump’s pick to lead the Justice Department. A vote on the House floor this to force the report’s release failed; all but one Republican vote against it.
Gaetz lashed out Wedneday on social media against the latest development, again denying any wrongdoing. He criticized the committee for its move after he had left Congress, saying he would have ”no opportunity to debate or rebut as a former member of the body.”
”It’s embarrassing, though not criminal, that I probably partied, womanized, drank and smoked more than I should have earlier in life,” Gaetz posted on X, the website formerly known as Twitter. ”I live a different life now.”
Most Republicans have argued that any congressional investigation into Gaetz ended when he resigned from the House. Speaker Mike Johnson, R-La., also requested that the committee not publish its report, saying it would be a terrible precedent.
While ethics reports have previously been released after a member’s resignation, it is extremely rare.
Officials on Wednesday identified the two women who died in a fiery crash when their vehicle collided with another at north Minneapolis intersection.
Esther Jean Fulks, 53, and Rose Elaine Reece, 57, both of Minneapolis, died soon after the wreck late Monday morning at the intersection of N. 26th and Emerson avenues, the Hennepin County Medical Examiner’s Office said. Fulks died at the scene, while Reece was declared dead at North Memorial Health Hospital.
Two people in the other vehicle were hospitalized with critical injuries, while a 17-year-old boy waiting at a bus shelter to be picked up for school was hit and taken HCMC with noncritical injuries, police said. Their identities have yet to be released.
Fulks was “a mother of four and very loved in her community!” daughter D’Nia Fulks posted on an online fundraising page started on behalf of the family.
Esther Fulks (With permission from GoFundMe)
A northbound vehicle on Emerson struck the women’s vehicle as it headed east on 26th, police said. The impact sent the eastbound vehicle into the bus shelter, where it caught fire.
Police said they believe excessive speed played a role in the crash, but they have yet to say which driver was suspected of speeding.
Star Tribune
Supreme Court will hear arguments over the law that could ban TikTok in the US if it’s not sold
WASHINGTON — The Supreme Court on Wednesday said it will hear arguments next month over the constitutionality of the federal law that could ban TikTok in the United States if its Chinese parent company doesn’t sell it.
The justices will hear arguments Jan. 10 about whether the law impermissibly restricts speech in violation of the First Amendment.
The law, enacted in April, set a Jan. 19 deadline for TikTok to be sold or else face a ban in the United States. The popular social media platform has more than 170 million users in the U.S.
It’s unclear how quickly the high court might issue a decision.
