Business

GM venture to build North American battery chemical plant

General Motors is forming a joint venture with Posco Chemical of South Korea to build a North American battery materials plant as it brings more steps in the electric vehicle supply chain under its umbrella.

Automotive

Ford unveils venture with chip company to boost supply

Ford announced Thursday a "strategic collaboration" with chip company GlobalFoundries to bolster its supply of semiconductors as the automaker grapples with a global shortage of the crucial components.

Internet

Augmented reality: an early taste of the metaverse?

When Facebook unveiled a mock-up last week of the "metaverse"—supposedly the internet of the future—it showed people transported to a psychedelic world of flying fish and friendly robots.

Business

Ozy CEO: 'premature' to shut down after week of scandal

The CEO of Ozy Media on Monday said it had been "premature" to shut down the company and that he wants to keep operating, despite a scandal-ridden week that exposed Ozy as an outlet without much of an audience.

Business

Media company Ozy is shutting down as problems mount

Ozy is shutting down less than a week after a New York Times column raised questions about the media organization's claims of millions of viewers and readers, while also pointing out a potential case of securities fraud.

Business

Green energy takes hold in unlikely places with Ford project

When Ford revealed plans to ramp up its commitment to the fledgling electric vehicle sector, the automaker chose to create thousands of jobs and pump billions in investments into two states where Republican leaders have vilified ...

Automotive

Ford to add 10,800 jobs making electric vehicles, batteries

Ford and a partner company say they plan to build three major electric-vehicle battery factories and an auto assembly plant by 2025—a dramatic investment in the future of EV technology that will create an estimated 10,800 ...

Business

Shares of Vodafone's India arm in free-fall

Shares in telecoms giant Vodafone's debt-ridden Indian unit fell sharply for a second day Wednesday following reports that its billionaire chairman thought the firm was on the brink of collapse and wanted to sell his stake.

Security

Saudi Aramco facing $50M cyber extortion over leaked data

Saudi Arabia's state oil giant acknowledged Wednesday that leaked data from the company—files now apparently being used in a cyber-extortion attempt involving a $50 million ransom demand—likely came from one of its contractors.

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