Others

Ford increases wages at planned EV battery factories amid UAW strike

October 12, 2023
Ford and its joint venture partner SK On, will increase wages at two planned EV battery factories in Kentucky and Tennessee in an effort to assuage striking autoworkers. That offer might not be enough. The joint venture, known as BlueOval SK, said it’s offering higher wages for maintenance technicians and associate maintenance technicians, ranging from […]

FTC sues bankrupt crypto company Voyager’s CEO over false FDIC insurance claims

October 12, 2023
After settling on Thursday with the Federal Trade Commission (FTC), bankrupt crypto company Voyager is permanently banned from handling consumers’ assets. But the government agency also announced on Thursday that it’s suing Voyager’s former CEO, Stephen Ehrlich, for falsely claiming that users’ accounts were FDIC insured. When a bank or financial service is FDIC insured, […]

Cruise opens robotaxi service in Houston

October 12, 2023
GM’s self-driving car subsidiary Cruise has opened its robotaxi service to users in Houston — an expansion that comes amid increasing criticism of the company’s operations in San Francisco, it’s first launch city. Cruise said it will operate seven days a week from 9 p.m. to 6 a.m. in limited areas of sprawling Houston, including […]