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Nissan and Honda have officially called off their plans to merge into a single automaker, less than two months after they confirmed the rumors that they were indeed looking to join forces. In an announcement, the companies said that they'd "agreed to terminate" the memorandum of understanding (MOU) they signed in December 2024. If they'd gone through with it and also brought Nissan-controlled Mitsubishi on board, the new entity would've had a net worth of around $50 billion. The automakers said that their CEOs and other members of their management teams have discussed what they wanted to achieve with the merger, as well the structures they wanted in place after the integration. They explained that they considered various options when it comes to the final structure of the merged entity. Honda proposed several options, including establishing a joint holding company, wherein the automaker would be the one appointing the CEO and majority of directors. However, it also proposed a structure wherein Honda would be the parent company, whereas Nissan would be the subsidiary. The Financial Times reported in early February that Honda presented the structure that would make Nissan its subsidiary as a "take it or leave it" offer. Majority of Nissan's board members reportedly rejected the deal back then during a meeting, but Nissan chose to wait until mid-February to make a formal announcement. The automakers said that they chose to cease their discussions "to prioritize speed of decision-making and execution of management measures in an increasingly volatile market environment heading into the era of electrification." They also said that they still have plans to collaborate "within the framework of a strategic partnership aimed at the era of intelligence and electrified vehicles."This article originally appeared on Engadget at https://www.engadget.com/transportation/honda-and-nissan-have-ended-their-merger-plans-075501432.html?src=rss
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X has reached a settlement with President Donald Trump in a lawsuit over the presidents 2021 suspension from Twitter. The Wall Street Journal reports that the Elon Musk-owned company has agreed to pay about $10 million to settle the long-running case. Trump sued Twitter, along with Meta and YouTube, more than three years ago after the companies booted him off their platforms following the riots on January 6, 2021. His lawyers claimed that the suspensions were a violation of his First Amendment rights. The lawsuit against Twitter was dismissed by a judge in 2022, but Trumps lawyers appealed that decision. Xs settlement comes shortly after Meta also reached an agreement with Trump. The company paid $25 million, much of which will go toward building Trumps presidential library, the company confirmed. The Wall Street Journal reports that the president's lawyers are also expected to pursue a settlement with Google. X didnt respond to a request for comment. The settlement with X is particularly notable given Elon Musks close relationship with Trump. The owner of X reinstated Trumps Twitter account soon after taking over the company in 2022 and spent at least $250 million on Trumps campaign in 2024. The president's lawyers reportedly considered letting the lawsuit fizzle out ahead of the settlement. Since Trump took office less than a month ago, Musk has used his perch at the top of the department of government efficiency to wreak havoc across the federal government, in a series of moves that have prompted multiple lawsuits and growing concerns about a constitutional crisis.This article originally appeared on Engadget at https://www.engadget.com/social-media/x-will-pay-about-10-million-to-settle-lawsuit-over-donald-trumps-twitter-suspension-234757817.html?src=rss
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Other than a Days Gone remaster, Sony's first State of Play stream of the year was fairly light on first-party games. At least that was the case until the very end of the showcase. The company announced the long-awaited next game from Returnal developer Housemarque. The third-person action title is called Saros, and it stars the always-delightful Rahul Kohli. The actor plays Arjun Devraj, "a powerful Soltari Enforcer searching for answers on a lost off-world colony," per the trailer's YouTube description. The clip shows Arjun waking up on a beach with a gun by his side. "Every time the sun dies, madness reigns," he says as an ominous eclipse occurs. Moments later, a giant being with eight arms and a broken, pointy headpiece emerges from the depths. The creature summons balls of fire in its hands as Arjun readies himself to battle it. Housemarque/PlayStation Studios Housemarque says Saros is a new game, but it's one that builds on the roguelite foundations of Returnal and its repeatable runs just in case Arjun saying "After every death, I always come back stronger" in the trailer wasn't clear enough. In this game, your resources and progression persist after each run. You'll have an "evolving set of weapons and suit upgrades" to help upgrade your loadout, though as in Returnal, the world will change after every death. One other major difference between Saros and Housemarque's last game is that Arjun isn't alone on this planet. Details about other characters in the ensemble cast, the story and gameplay will be revealed later. Sony liked Returnal enough to buy Housemarque and add the developer to its stable of PlayStation Studios, so it'll likely have high hopes for this one. Saros is slated to arrive on PS5 in 2026.This article originally appeared on Engadget at https://www.engadget.com/gaming/playstation/saros-is-the-next-game-from-housemarque-coming-to-ps5-in-2026-232243078.html?src=rss
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