G'day,

Maserati’s engineering boss Davide Danesin believes the lull in electric vehicle sales is temporary, with the future of motoring set to continue moving away from the internal combustion engine.

The luxury Italian car maker is making a big bet on EVs, planning to go fully electric by 2028. It’s a big move for the 110-year-old ‘House of Trident’, which was built on motorsport and performance, with the roar of its engines – according to English author Anthony Horowitz – sounding like a “vast sheet of calico endlessly torn”.

But Mr Dansesin believes electric vehicles are more efficient, despite their batteries making them heavier, and Maserati needs to adapt to drivers demanding greener alternatives.

Meanwhile, an Australian tech investment and advisory firm has signed an agreement for a reverse takeover of an ASX-listed shell company. If approved it would give stock market investors access to its earliest bets on 28 start-ups and companies.

Lastly, the nation’s largest telco Telstra will axe up to 2800 jobs — or about 9 per cent of its workforce — as it races to achieve its ambitious cost savings as part of its much-hyped T25 strategy and struggles to compete with bigger technology companies as they woo the telco’s lucrative enterprise customers.