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Why Mergers of Carmakers Like Honda and Nissan Often Falter

NYT > Economy

Nissan has more significant troubles than Honda and in recent years has slogged through management upheaval. In the United States, a critical market where Nissan used to earn significant profits, the company's market share has fallen sharply as it struggles to sell cars and trucks that haven't received significant upgrades in recent years. In the period from April to September, Nissan's operating profit plunged 90 percent, and the automaker recently said it aimed to lose 9,000 employees worldwide and cut global production by about 20 percent. A merger could help Honda and Nissan develop electric cars faster and at lower cost -- in theory. But other companies have struggled to achieve such gains in practice, often because the priorities of companies working together often shift and diverge. Ford Motor and Volkswagen teamed up a few years ago to work on electric vehicles and autonomous driving technology.

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With police near, suspected Austin bomber blows himself up

FOX News

PFLUGERVILLE, Texas – As a SWAT team closed in, the suspected bomber whose deadly explosives terrorized Austin for three weeks used one of his devices to blow himself up. But police warned that he could have planted more bombs before his death, and they cautioned the city to stay on guard. Mark Anthony Conditt, an unemployed college dropout, had been tracked down using store surveillance video, cellphone signals and witness accounts of a strange-looking customer making purchases in a disguise that included a blonde wig and gloves. His motive remained a mystery. Police finally found the 23-year-old early Wednesday at a hotel in a suburb north of Austin known as the scene for filming portions of "Friday Night Lights."