The F-35 Joint Strike Fighter’s total cost is expected to top $2 trillion over its entire life span given the U.S. military plans to fly it longer, inflation is rising, and the Pentagon’s efforts to rein in expenses are largely falling short, a government watchdog said Monday.
That price tag represents an increase from the $1.7 trillion lifetime cost the Government Accountability Office…
Nearly a year prior to a deadline for two competing teams to reach a critical design review phase in the development of a Next-Generation Interceptor for homeland defense, the Missile Defense Agency chose Lockheed Martin to move forward rather than carry both teams through…
Get the US Navy’s frigate program back on schedule
April 16, 2024
The recent review of shipbuilding progress is an important step in correcting the current cost overruns and schedule slippage. However, the U.S. Navy secretary’s rather timid response of only directing the FFG design team to gather at the shipyard was far too timid.
Many…
Ford’s BlueCruise hands-free driver assist under investigation after two fatal crashes
April 16, 2024
The National Transportation Safety Board is investigating two fatal crashes involving two separate Ford Mustang Mach-Es crashing into stationary vehicles, where three people have died. In at least one of the crashes, Ford’s BlueCruise hands-free driver-assist system was activated at the time of the crash, while the second one is under preliminary investigation. Here’s what happened.
The first…
Maserati's Folgore Day event showcases its commitment to electrification, just not 100%
April 16, 2024
To celebrate over 100 years in business while looking ahead to another century filled with electrification, Maserati held a “Folgore Day” event in Italy. At this event, it showcased its lineup of BEVs, including the GranTurismo Folgore and Grecale Folgore SUV, ahead of…
Tesla lays off 'more than 10%' of its global workforce
April 16, 2024
Tesla has announced layoffs of “more than 10%” of its global workforce in an internal company-wide email. We exclusively reported yesterday that Tesla was prepping a massive layoff.
For the last few months, it has looked like Tesla might be preparing for a round of…
Nadeem Anjarwalla, the executive from Binance who escaped custody in Nigeria, has reportedly been found in Kenya. Law enforcement agencies in Nigeria, spearheaded by the Economic and Financial Crimes Commission (EFCC), are in talks with their Kenyan counterparts about Anjarwalla’s extradition.
Nigerian Authorities Want Nadeem Anjarwalla Extradited
According to a report, Nadeem Anjarwalla, a…
United States prosecutors have charged Charles O. Parks III with wire fraud and money laundering after he allegedly ran a “large-scale illegal ‘cryptojacking’ operation,” defrauding two cloud computing providers out of $3.5 million to mine $970,000 in…
The Bank of Russia has announced that it will support accelerating the adoption of cryptocurrency payments for international settlements. According to Elvira Nabiullina, governor of the Bank of Russia, these crypto-based payments must be launched in a sandbox-style…
Tesla announced to Gigafactory Texas employees that it will shorten Cybertruck production shift amid rumors that it is preparing a round of layoffs.
We received several reports today from Tesla employees hearing rumors of an important round of layoffs happening this week at the company.
Some of them are talking about layoffs as high as 20% of the workforce, which would mean tens of thousands of…
