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Robertvorry

03 Jan 2025 - 11:12 pm

Welcome to the New World Order of automakers. Soon, only the big survive
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Honda and Nissan are the latest automakers to discuss combining forces. They won’t be the last.

The two Japanese automakers announced last week that they plan to merge and create the world’s third largest automaker. Details aren’t yet finalized, but they expect to announce the combination within six months.

Mergers in the auto industry are nothing new. They have taken place since the acquisition of various brands formed General Motors (GM) in the first decade of the 20th century. But experts say the Honda-Nissan deal could help to spark a string of combinations that could soon reshape the industry

“I think the environment is there for additional mergers,” said Jeff Schuster, global vice president of automotive research for GlobalData. “I don’t think Honda-Nissan will cause more deals to take place, although it could accelerate them.”

The factors driving possible deals, from technological change and the industry’s huge appetite for R&D and capital spending to thin profit margins, are numerous and powerful. The push toward consolidation is only going to get greater in coming decade. And it could be that only the biggest survive.

“It gets more challenging to survive and not have economies of scale if everyone else does, especially as you move into new technology,” he said. “When you’re in a highly competitive market, it tends to create partners that might not have happened otherwise.”

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03 Jan 2025 - 05:17 pm

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03 Jan 2025 - 08:59 am

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03 Jan 2025 - 07:18 am

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03 Jan 2025 - 03:44 am

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02 Jan 2025 - 11:17 am

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02 Jan 2025 - 09:54 am

The mysterious cities of the dead carved into the sides of cliffs
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The ancient Lycians knew a thing or two about democracy. Two thousand years ago, the one-time rulers of modern-day Turkey’s southwestern corner had a fully functioning democratic federation that centuries later inspired America’s political structure.

While democracies everywhere might be facing turbulent times, another Lycian legacy remains steadfastly present in the Mediterranean region they used to call home. And this one is focused almost entirely around death.

Drive around the coast of this beautiful region and you’ll never be too far from a spectacular city of the dead – elaborate tombs carved by Lycians into the sides of cliffs overlooking towns, valleys and shorelines.
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That’s not all. Scattered throughout the countryside and towns are imposing sarcophagi that likely once held the remains of high and mighty denizens of Lycia. Indeed, they’re such a familiar sight that they’re often casually included as part of urban landscapes.

For visitors, especially those interested in history, tracking them down is an adventure all on its own.

While some are preserved in ticketed archaeological sites, others are free to explore — but can require Indiana Jones-level exploration skills, clambering up vertiginous hillsides, riding boats and delving into the undergrowth to find.
A good starting place is Fethiye, a low-key port city that’s a useful jumping-off point for great beaches and attractions all along Turkey’s so-called Turquoise Coast riviera. After a day of swimming in those glorious waters, it’s worth a sunset trek to the overlooking cliffs.
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02 Jan 2025 - 09:48 am

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