To end strikes in its biggest factories, Ford entered into a tentative agreement with the United Auto Workers Union to increase the wages of its 57,000 workers by 25% in the next four and a half years.
The increase in wages will add $850 to $900 labor cost per vehicle. Ford faces a challenging task in balancing vehicle price, margin, and demand while remaining competitive relative to non-unionized automakers such as Tesla.
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The patent system is outdated.
In the US, a patent protects an inventor by preventing others to manufacture, sell, or use the invention for 20 years. In principle, this is a fair reward which spurs innovation and thus benefits us all. In reality, the system is flawed. It protects the first person that files for a patent, whether the invention works or not. Does the system really foster progress? Could AI exploit its flaws even further?
This post requires students to evaluate […]
The acquisition of One Medical for $3.9 billion by Amazon signaled the intent of the e-commerce giant to compete in the healthcare industry, in particular, the telehealth sector.
Amazon has grown from operating as an online retailer to becoming a key player in entertainment, groceries, and pharmacy with the acquisition of MGM, Whole Foods, and PillPack respectively, in recent years.
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Jaguar Land Rover is in collaboration with Nvidia to develop vehicles that can drive themselves, park autonomously, and provide drivers with more information and software-powered features. These driving technologies will be deployed in all Jaguar and Land Rover models in 2025, positioning Jaguar Land Rover to better compete with Tesla.
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This post is based on the Reuters article, Jaguar […]