The Japanese automaker said the plant will focus on hybrid vehicles and is expected to begin production in 2029.
Honda to invest $3 billion in new vehicle assembly plant in Ohio
Source: CNBC
Original reporting
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Shares in world’s most valuable company hit seven-month low after CEO Huang admits to affair, after allegations of relationship with Chinese spy Nvidia opens investigation after report CEO Jensen Huang was target of foreign intelligence Huang is receiving support from some fellow tech executives, including Elon Musk. Musk commented “I agree” on a post by Sequoia partner Shaun Maguire that said Huang “did something incredibly dumb” that was “bad for America” but that “Jensen is irreplaceable for America’s AI leadership”. “While Nvidia has sought to reassure us all, there are several layers here, beginning with the unfortunate timing. “For example: The company is systemically important for tech, markets and the economy; Investors tend to struggle to price in key-person and governance issues; and there are fluid national security and geopolitical dynamics.” Continue reading...
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Nvidia has announced that it has opened an official investigation into its CEO, Jensen Huang, after he admitted that he was involved in an affair with a business executive who is suspected of being a Chinese spy. Following a New York Times report about Huang's affair with Megaspeed executive and Chinese businesswoman Alice Huang / Huang Le, the Nvidia CEO addressed the situation in a company letter (via the BBC ). "I was unfaithful to my wife. My actions hurt her and our children. There is no excuse for what I did. I am deeply sorry," Huang wrote. "Regarding the national security concerns raised in news reports, Nvidia's Board of Directors has initiated an independent investigation. I support the investigation and will cooperate fully." US intelligence believes that Huang was unaware of Alice Huang's alleged activities, and the security branch reportedly has surveillance of her feeding i
BBC Business4 outlets
Nvidia launches investigation into CEO's affair with suspected Chinese spy
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