Tag: investigation

Ford awaiting Red Bull investigation into Horner but stresses high moral values company holds

DAYTONA BEACH, Fla. — Red Bull future engine supplier Ford Motor Co. said Friday it is awaiting the results of an investigation into alleged inappropriate behavior by team principal Christian Horner, but a top executive stressed that Ford holds its company and partners to very high moral standards.

Ford is slated to become Red Bull’s engine supplier in 2026 and is the first of Red Bull’s existing partners to comment on the controversy surrounding Horner. The team leader has remained defiant in his denial of claims of misconduct made to parent company Red Bull, which two weeks ago announced it had launched an independent investigation into the claims.

Mark Rushbrook, global head of Ford Performance Motorsport, said Friday at Daytona International Speedway that Ford is awaiting the outcome of the investigation into Horner.

“As a family company, and a company that holds itself to very high standards of behavior and integrity, we do expect the same from our partners,” Rushbrook said. “It appears to us, and what we’ve been told, was that Red Bull is taking the situation very seriously. And of course, they’re worried about their brand, as well.

“And that’s why they’ve got an independent investigation and until we see what truth comes out of that, it’s too early for us to comment on it all.”

Horner one day earlier insisted it was “business as normal” as he took center stage at the launch of the team’s car for the upcoming Formula 1 season.

“Obviously, there’s a process that’s ongoing at the moment. Some allegations have been made which I fully deny and I comply, obviously, with that process and will continue to do so,” Horner said. “I think it’s been very clear and the position of Red Bull has been that it’s business as normal. Obviously there’s

Elon Musk’s Twitter buy not below U.S. authorities investigation

Remark

Federal authorities have no ideas to open an investigation into Elon Musk’s acquire of Twitter with aid from international buyers, in accordance to two folks knowledgeable of the make a difference, irrespective of fears from President Biden and the demands of a top rated Democratic senator worried about the social network’s intercontinental money backers.

Musk’s order of the web site had drawn scrutiny immediately after studies that the offer presented specific privileges to substantial international investors, such as a Saudi prince’s keeping enterprise and a cryptocurrency exchange started in China. But at least for now, officials on the Committee on International Financial commitment in the United States (CFIUS) do not believe they have jurisdiction to formally probe the offer, in accordance to the two persons, who were being briefed on the committee’s conclusion and spoke on the situation of anonymity to replicate inner authorities deliberations.

U.S. discovering regardless of whether it has authority to evaluation Musk’s Twitter offer

The committee’s mandate is to take a look at acquisitions of U.S. companies by foreign entrepreneurs Musk is an American citizen. Though the $44 billion deal relied on $2.5 billion from overseas backers and granted some of them unconventional privileges, together with particular obtain to Twitter user information, investigators do not surface to consider the situation meet up with the criteria for federal intervention, the individuals mentioned.

“They have not absolutely shut the door on it, but they are really absolutely sure they never have jurisdiction in this case,” a person of the folks briefed on the subject stated.

Treasury Secretary Janet L. Yellen chairs the committee. A Treasury spokeswoman declined to remark.

Twitter officers did not respond to a ask for for remark, nor did Musk.

Late past month, Musk satisfied with prime lawmakers on Capitol

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