By Pete Schroeder WASHINGTON, Jan 22 (Reuters) - The Federal Deposit Insurance Corporation announced on Thursday that it had approved deposit insurance applications from Ford Motor Company and General Motors Company,

In an interview with InsideEVs, Ford CEO Jim Farley says the company’s planned $30,000 electric truck has reached the prototype stage, describing the effort as an internal Apollo style mission with little margin for error.

Ford’s global policy operations will continue to be led by Steve Croley, the company’s chief policy officer and general counsel.

FDIC approves deposit insurance for Ford and GM banks, clearing the way for industrial banks focused on auto financing and deposits.

Ford Motor and Carhartt say they have entered into a multiyear partnership. Here's what you can expect to come from it.

Industrial banks allow the companies to accept deposits insured by the Federal Deposit Insurance Corp. into savings accounts.

Skeptics doubted Ford's small turbo engines would last. Years later, EcoBoost has proven them wrong across the lineup from city cars to trucks.

Rising demand for affordable cars in the US could push Ford back into a segment it walked away from last decade