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Good morning. Today is Wednesday, December 18th. I'm Julie Morgan. A Nissan and Honda merger? That's just the way it is for spirit shareholders. And do you have a preference, Coke or Pepsi with your subway sandwich?

Nissan Motor Company added 11.5% in Tuesday trading and Honda Motor rose 1% after a report

indicated that two Japanese automakers are in merger talks. The deal structure being discussed

includes Nissan and Honda bringing in Mitsubishi

motors of which Nissan is the top shareholder under a newly created holding company to house the

brands of all three automakers. The combination would make the auto group the third largest in the

world by revenue behind Volkswagen and Toyota.

Regarding the merger report, both companies issued a statement reiterating that they were

exploring various possibilities for future collaboration, leveraging each other's strengths.

Analysts think the merger discussion signal that the Japanese automakers are looking

for ways to not get left behind as

EV makers like Tesla, BYD company, Neo, Lee Auto, and X-Pang grow their market share.

Spirit Airline shareholders will lose their remaining investment in the bankrupt airline, as

efforts to form an equity committee to negotiate a settlement have been unsuccessful.

Shares lost another 14% in value on Tuesday and are now trading at just under 60 cents per share, from a peak of $17 per share at the beginning of the year.

The airline is currently negotiating a deal with his bondholders to swap

$795 million in debt for equity in a reorganized company. But for those still holding equity

in the company, shares will be worthless once Spirit emerges from bankruptcy. Spirits attorney was

unsympathetic to the shareholders plight and according to

Bloomberg said that the market has fully understood that for a while absent a

transaction Spirit is insolvent and that's the way it is. Spirit will submit a

...