Ford Motor Company reported a $900 million hit from unexpected tariff costs last year, while Boston Dynamics CEO Robert Playter announced his immediate departure, and Elon Musk discussed ambitious plans for his AI company, xAI, including a lunar manufacturing facility. These developments, along with the unveiling of Toyota's new electric SUV and controversy surrounding Amazon Ring's Super Bowl ad, highlight a busy week in the business and technology sectors.
Ford executives stated the carmaker's tariff costs were $900 million higher than anticipated last year due to a last-minute change in the Trump administration's tariff relief program, according to BBC Business. The program was designed to help car companies offset levies, but a revised effective date led to fewer credits than expected.
Meanwhile, Robert Playter, CEO of Boston Dynamics, is stepping down from his role effective immediately and leaving the company on February 27th, as reported by The Verge. CFO Amanda McMaster will serve as interim CEO until a replacement is found.
Elon Musk, during an all-hands meeting with xAI employees, discussed the future of his AI company, including the need for a lunar manufacturing facility. According to TechCrunch, Musk told employees that the facility would build AI satellites and launch them into space. He added that this move would help xAI harness more computing power than any rival.
Toyota unveiled the new 2027 Highlander, a fully redesigned midsize SUV that marks the brand's first three-row electric vehicle for the US market and the first Toyota EV assembled in America, as reported by The Verge.
Amazon Ring's Super Bowl ad sparked backlash due to concerns about mass surveillance, according to The Verge. The ad promoted Ring's new AI-powered "Search Party" feature, which can scan footage from neighborhood cameras to find lost dogs. Critics worry this feature could be used to search for people.
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