Democratic Party leader Jeong Cheong-rae announced a suspension of merger talks ahead of local elections, pledging party unity and a renewed focus on electoral victory.
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Honda and Nissan are in talks to merge, aiming to become the third-largest automaker globally. The move addresses rising EV competition and financial challenges, with Nissan seeking stability and Honda aiming to cut EV costs. If successful, the merger could reshape the auto industry.
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