Business
business
J. Edward Moreno

Nissan and Honda are looking to merge to take on Tesla and China

Japanese automakers Nissan and Honda are in talks to merge in order to better compete with electric-vehicle makers like Tesla and China’s BYD, Nikkei reported Tuesday. 

The two companies are reportedly considering operating separately under a holding company. They are also looking to deal Mitsubishi into the tie-in as well. 

The move comes as competition for market share for EVs is intensifying, with most traditional combustion-vehicle makers releasing their own EV models in recent years.

On the news of the merger, Nissan is up 5.8% and Honda is up 1.5%.

Honda and Nissan to begin merger talks amid EV competition

The two companies are reportedly considering operating separately under a holding company. They are also looking to deal Mitsubishi into the tie-in as well. 

The move comes as competition for market share for EVs is intensifying, with most traditional combustion-vehicle makers releasing their own EV models in recent years.

On the news of the merger, Nissan is up 5.8% and Honda is up 1.5%.

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Smartphones are 12% cheaper than last year, according to the latest inflation data... except they’re not

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Texas sues Netflix, accusing streamer of spying on children and collecting user data without consent

The state of Texas filed a lawsuit Monday against streaming giant Netflix, alleging that the company has built a “behavioral-surveillance program of staggering scale.”

The suit alleges that Netflix is “deceptively designed” to be addictive, using features like autoplay to get viewers hooked, “mining those users for data, and then converting that data into lucrative intelligence for global advertising juggernauts.”

“When you watch Netflix, Netflix watches you,” the lawsuit reads.

“This lawsuit lacks merit and is based on inaccurate and distorted information,” Netflix said in a statement to Sherwood News. “Netflix takes our members’ privacy seriously and complies with privacy and data‑protection laws everywhere we operate.”

Texas is seeking civil penalties of “up to $10,000 per violation” of the Texas Deceptive Trade Practices-Consumer Protection Act, along with an additional penalty of up to $250,000 per violation involving a consumer aged 65 or older.

“Netflix is not the ad-free and kid-friendly platform it claims to be. Instead, it has misled consumers while exploiting their private data to make billions,” said Texas Attor­ney Gen­er­al Ken Pax­ton in the press release announcing the lawsuit.

Netflix did not immediately respond to a request for comment.

Attorney General Ken Paxton Sues Netflix for Spying on Texas Kids and Consumers by Illegally Collecting Users’ Data Without Their Knowledge or Consent

Attorney General Ken Paxton Sues Netflix for Spying on Texas Kids and Consumers by Illegally Collecting Users’ Data Without Their Knowledge or Consent

“This lawsuit lacks merit and is based on inaccurate and distorted information,” Netflix said in a statement to Sherwood News. “Netflix takes our members’ privacy seriously and complies with privacy and data‑protection laws everywhere we operate.”

Texas is seeking civil penalties of “up to $10,000 per violation” of the Texas Deceptive Trade Practices-Consumer Protection Act, along with an additional penalty of up to $250,000 per violation involving a consumer aged 65 or older.

“Netflix is not the ad-free and kid-friendly platform it claims to be. Instead, it has misled consumers while exploiting their private data to make billions,” said Texas Attor­ney Gen­er­al Ken Pax­ton in the press release announcing the lawsuit.

Netflix did not immediately respond to a request for comment.

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