Core Viewpoint - The Federal Deposit Insurance Corporation (FDIC) has approved deposit insurance applications from Ford Motor Company and General Motors Company, facilitating their entry into the banking sector [1] Group 1: Company Developments - Ford Motor Company has received approval for deposit insurance, allowing it to expand its financial services [1] - General Motors Company has also been granted deposit insurance approval, enabling similar financial service expansions [1] Group 2: Industry Implications - The approval of deposit insurance for major auto manufacturers like Ford and General Motors indicates a trend of diversification within the automotive industry, as these companies seek to enhance their financial service offerings [1]