nissan motors plant is in the state of tennessee. honda motor will start selling evs jointly developed with general motors in the u.s. next year. it'll start making its own models in the state of ohio in 2025. the japanese car makers hope their expanded u.s. production will make them qualify for tax credits from the u.s. government. a program introduced in april gives buyers up to $7,500 per ev purchase. now, to be eligible the vehicles must undergo final assembly in north america and run on batteries made with key minerals from certain locations. >>> and capital investment by japanese businesses rose 11% year on year in the january to march quarter. much of the increase was due to companies gearing up amid a shift to electric vehicles. the finding comes from the responses of more than 22,000 businesses to a finance ministry surveyed. the company spent a total of more than 16.5 trillion yen or about $118 billion in the period. it was the eighth straight quarter of growth in investment. capital expenditure by manufacturers grew 11.3%.

. >>> nissan motor's second highest ranking executive will leave the company.e's been the chief operating officer at the japanese auto maker since 2019. nissan announced the management change on friday. the company said last month it would not reappoint gupta as a board director or as representative executive officer. it added friday he'll resign as coo. the 52-year-old played a leading role in negotiations to revamp nissan's capital alliance with the french car maker. gupta has been working with president makoto to turn around the troubled auto maker. okay, let's get a check on the markets. >>> and that's it for "newsline biz" from tokyo. i'm ramin mellegard. thank you very much for watching. >> it is adopted, congratulations. >> it is described as a significant step towards setting a rulebook for ai. european and he's dropped a lot to keep a check on the risk posed by ai. the ai act could serve as a framework for creating a mobile watchdog, but could also suppress innovation. this is "inside story". ♪ welcome to the program,