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Ford says EV unit losing billions, should be seen as startup

Published Thu, 26 Dec 2024 06:40:23 GMT

DETROIT (AP) — Ford Motor Co.’s electric vehicle business has lost $3 billion before taxes during the past two years and will lose a similar amount this year as the company invests heavily in the new technology.The figures were released Thursday as Ford rolled out a new way of reporting financial results. The new business structure separates electric vehicles, the profitable internal combustion and commercial vehicle operations into three operating units.Company officials said the electric vehicle unit, called “Ford Model e,” will be profitable before taxes by late 2026 with an 8% pretax profit margin. But they wouldn’t say exactly when it’s expected to start making money.Chief Financial Officer John Lawler said Model e should be viewed as a startup company within Ford. “As everyone knows, EV startups lose money while they invest in capability, develop knowledge, build (sales) volume and gain (market) share,” he said.Model e, he said, is working on second- and even...

Germany plans to buy Australian-made combat vehicles

Published Thu, 26 Dec 2024 06:40:23 GMT

BERLIN (AP) — Germany plans to buy more than 100 Australian-made combat vehicles as it moves ahead with plans to modernize its armed forces, the government said Thursday.German and Australian officials signed an agreement to cooperate on the procurement of the new combat reconnaissance vehicles, based on the Boxer family of armored fighting vehicles and equipped with a 30-millimeter gun. The aim is for deliveries to start in 2025, the Defense Ministry said. It didn’t give a price for the purchase. However, it said the money will come from a special 100 billion-euro ($108 billion) fund for the modernization of the military that Germany approved after Russia invaded Ukraine last year.The new vehicles will replace the German army’s Wiesel 2 armored vehicles, the Defense Ministry said.Germany’s military is widely acknowledged to be suffering from years of neglect and in particular from aging, poorly functioning equipment.The German government has faced criticism for making a...

Uganda LGBTQ leader says gay bill threatens homelessness

Published Thu, 26 Dec 2024 06:40:23 GMT

KAMPALA, Uganda (AP) — A prominent leader of Uganda’s LGBTQ community said Thursday he was worried about becoming “homeless,” describing anguished calls by others like him who are concerned for their safety after the passing of a harsh new anti-gay bill.“I am worried about being evicted,” said Frank Mugisha, head of the banned LGBTQ support group Sexual Minorities Uganda. “I am worried about being evicted from the place where I live, because I don’t own property. I could become homeless.”The legislation “would make it impossible to me to live in this country and work here,” he said. Mugisha spoke to The Associated Press amid growing pressure from the United Nations, the United States and others who are urging President Yoweri Museveni to block the legislation passed by lawmakers on Tuesday. The bill prescribes the death penalty for the offense of “aggravated homosexuality” and life imprisonment for “homosexuality.” Aggravated homosexuality is defined as cases...

Thursday Forecast: Temps in low 40s with morning t-storms and lingering rain

Published Thu, 26 Dec 2024 06:40:23 GMT

CHICAGO — Cloudy Thursday with morning thunderstorms, dropping temps and lingering rain. Winds: NNE 10-15 G20. High: 41. Interactive Radar: Track showers and storm here TONIGHT: Mainly cloudy tonight. Winds: NE 5-10 G15. Low: 34.Friday Forecast: Mostly cloudy, slight afternoon rain chance, night rain likely. Winds: ENE 10-15 G20. High: 43.Full forecast details at the WGN Weather Center

These are the highways in Illinois with the most fatalities

Published Thu, 26 Dec 2024 06:40:23 GMT

Americans travel billions of cumulative interstate miles every year—statistically, accidents are almost a certainty. Still, many traffic crashes and subsequent fatalities are avoidable. In 2020, nearly 39,000 people were killed in motor vehicle traffic crashes on U.S. roadways—an increase of roughly 7% from 2019, according to the most recent data released in 2022 by the National Highway Traffic Safety Administration.In nearly half of all fatal crashes, drivers were either speeding, impaired by alcohol, not wearing a seat belt, or some combination of those three, according to NHTSA.Highway driving, in particular, can lead to more serious or fatal accidents than on other roadways because vehicles are traveling at much greater speeds. Looking to avoid the Kennedy Expressway construction? Here’s what you should know President Biden's Bipartisan Infrastructure Law has earmarked tens of billions of dollars for programs that will improve road safety in the U.S., inclu...

World's first 3D-printed rocket fails to reach space in third launch attempt

Published Thu, 26 Dec 2024 06:40:23 GMT

TAMPA, Fla. (WFLA) — Aerospace company Relativity Space launched the world's first 3D-printed rocket from the Cape Canaveral Space Force Station on Wednesday.The private company launched its Terran 1 rocket, called "GLHF" (Good Luck, Have Fun), from Launch Complex 16, a former missile site, at 11:25 p.m. In this frame grab from livestreamed video provided by Relativity Space, Terran 1 sits on a launch pad at Cape Canaveral, Fla., late Wednesday, March 22, 2023. The rocket is made almost entirely of 3D-printed parts. (Relativity Space via AP)In this frame grab from livestreamed video provided by Relativity Space, Terran 1 launches from Cape Canaveral, Fla., late Wednesday, March 22, 2023. The rocket is made almost entirely of 3D-printed parts. (Relativity Space via AP)In this frame grab from livestreamed video provided by Relativity Space, Terran 1 launches from Cape Canaveral, Fla., late Wednesday, March 22, 2023. The rocket is made almost entirely of 3D-printed parts. (Relativity S...

Warm and windy ahead of Friday morning rain/storms

Published Thu, 26 Dec 2024 06:40:23 GMT

AUSTIN (KXAN) -- Humidity and warmth will continue to pool over Central Texas ahead of our next cold front expected to arrive early tomorrow morning.Today will look and feel similar to what we felt yesterday - warm (80s) and humid under a mostly to partly cloudy sky. Southerly winds will get a touch stronger this afternoon with sustained speeds ranging between 15-25 mph and gusts up to 30 mph.Overnight into the pre-dawn hours Friday, a broken line of storms and showers will move into the Hill Country. This line of storms will move southeast through the area through mid- to late morning, with a low threat of wind or hail damage. Once the line clears to the east by midday, sunshine and dry skies will filter in.Low risk of severe storms midnight - 7 a.m. Friday in the Hill CountryLow risk of severe storms in the eastern counties 7 a.m. - 12 p.m. east of I-35Overall, rainfall totals look minimal with most of us not favored to see more than a quarter of an inch. Isolated higher rainfall ...

City of Austin to discuss regulations for e-scooters in downtown

Published Thu, 26 Dec 2024 06:40:23 GMT

AUSTIN (KXAN) -- E-scooters are one of the most popular forms of transportation for people trying to get around Austin's busy downtown, but how the scooters are being used is a cause for concern for some city council members. City council member Mackenzie Kelly, district 6, placed an item on Thursday's agenda that would direct the city manager to explore possible regulations for the organization and management of the micro-mobility devices. "We use them everyday"Kaylin Pyles and Caitlin Horvath both live in downtown and they said they use e-scooters everyday. "Like if we're going to Congress, like somewhere we want to get to where we don't have to worry about parking our cars," Horvath explained. They like the scooters for the convenience, especially when traffic is congested and parking is a premium in downtown and along south Congress. The duo said they will park their scooters in an appropriate spot and standing up when they are done with them, but that's not always the case for ...

TxDOT to cut ribbon on Hays County realignment project

Published Thu, 26 Dec 2024 06:40:23 GMT

HAYS COUNTY (KXAN) -- TxDOT officials will hold a ribbon cutting ceremony on the first of three projects to widen and realign a roadway between Interstate 35 and Texas Highway 21.Officials with TxDOT and Hays County will gather Thursday morning at 10:30 for the Farm to Market Road 2001 West realignment project. According to TxDOT, the FM 2001 West project realigned the road along White Wing Trail from the curve east of County Road 118 to I-35, widening the roadway from two lanes to a four lane divided highway, and added 5-foot bike/shoulder lanes and 6-foot sidewalks to each side.Crews broke ground on the project in June 2021. KXAN reported in 2021 that TxDOT said the project was expected to be finished in the fall of 2022.

ASK IRA: Will momentum be enough for Heat in NBA playoff race?

Published Thu, 26 Dec 2024 06:40:23 GMT

Q: This is the squad we expected to see all year. Is it happening right on time? – Swann.A: No, it is happening too late, and that is the shame of it all. Yes, Wednesday night’s victory over the Knicks showed much of what the Heat can be when they are at their best. But the shame of it all is that by putting themselves behind the eight ball with so many hideous losses, that instead of being in the thick of the playoff race, they still have to rely on upcoming failings of others. That is what happens when you lose to the Pistons and Spurs and Magic and twice to the Hornets. Without those disasters, the Heat by now could have the play-in round in their rearview mirror. Instead, even with what the Heat showed Wednesday night, and even with winning seven of their last 10, the play-in still remains where the Heat reside at the moment. And that’s with just eight games remaining in their regular season.Q: How was Kyle Lowry listed on the injury report as questionable with...