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The Latest Breaking News from Sam Abuelsamid

5 takeaways from the massive layoffs hitting Big Tech right now

Some 200,000 tech jobs have been lost in what is seen as one of the sharpest downturns in the tech industry's history. Here is what you need to know about the mass layoffs in Silicon Valley.

WEKU

Will Ram's electric truck be a 'revolution'? Here's where its concept stands

LAS VEGAS — The "Ram Revolution" has arrived.

Tribune News Service

Stellantis has plans to elevate its Italian brands in North America. Here's how

Selling low volumes of vehicles may be a counterintuitive approach for brands that have struggled to make their mark in North America, but that's the plan to elevate Stellantis NV's Italian brands here, according to their executives.

Tribune News Service

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Rule delay makes big EV tax credit possible early next year

People who want to buy an electric vehicle could get a bigger-than-expected tax credit come Jan. 1 because of a delay by the Treasury Department in drawing up rules for the tax breaks

The Independent UK

Detroit Three making vehicles with most emissions, lowest fuel economy, EPA says

WASHINGTON — The Detroit Three automakers again produced vehicles with the most emissions and the lowest fuel economy of any major manufacturers in model year 2021, according to new data from the U.S. Environmental Protection Agency.

Tribune News Service

Italian EV startup takes on US, Chinese rivals with design

A new fully electric vehicle startup in Italy is challenging U.S. and Chinese rivals with “Made in Italy" design

The Independent UK

Ford posts $827M loss in Q3 as it shuts down self-driving startup it backed

Ford Motor Co. posted an $827 million loss in the third quarter, dragged down by costs associated with the shutdown of a self-driving vehicle technology company the Blue Oval backed as a major investor.

Tribune News Service

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Heavy-duty trucks are fueling the EV transition. When will they get electrified?

The Detroit Three automakers are pushing toward an electrified future, but they’re not yet putting their gas and diesel-powered heavy-duty trucks on the back burner.

Tribune News Service

Federal EV battery spending spree snubs Michigan, favors 'Battery Belt'

WASHINGTON — The U.S. Department of Energy on Wednesday announced $2.8 billion in funding across 12 states for electric vehicle battery production. None of the projects — most of which focus on battery mineral processing or component manufacturing — are in Michigan, which remains the largest auto-producing state in the…

Tribune News Service

California wants to end sales of new gas cars by 2035. Here are 4 key roadblocks

California's move to end the sale of new gas-powered cars could prove a seminal moment in the shift to zero-emission cars — but getting there won't be easy.

WEKU

Ford's answer to EV supply chain hell: Cheaper batteries

Ford's buying cheaper iron batteries for its Mach-E and F-150 Lightning EVs

Axios

Cadillac releases new details on electric Lyriq ahead of May 19 order-bank opening

Ordering for General Motors Co.'s first electric Cadillac opens this week on the 2023 Lyriq crossover with the $62,990 rear-wheel drive option getting an estimated 312 miles of range on a charge, the automaker said Monday.

Tribune News Service

Wall Street is changing its mind about automakers like Ford and GM. Here's why

Wall Street has long taken a dim view of legacy automakers — but that's begun to change as the likes of Ford Motor Co. and General Motors Co. demonstrate they're serious contenders in the electric and digital revolution that's reshaping the automotive industry.

Tribune News Service

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