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The Latest Breaking News from Sam Abuelsamid

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

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

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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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