this post was submitted on 28 Oct 2023
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Ford Delays $12 Billion in EV Investments Due To UAW Strike Impact and Slow Consumer Demand (driveteslacanada.ca)
submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world
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Ford Delays $12 Billion in EV Investments Due To UAW Strike Impact and Slow Consumer Demand::The 41-day United Auto Workers strike took a toll on Ford, leading to a $1.3 billion hit to its Q3 earnings, and forcing the automaker to reevaluate its electric vehicle (EV) strategy. One significant development [...]

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[โ€“] surewhynotlem@lemmy.world 3 points 1 year ago (1 children)

That sounds wrong. Their factories and parts must be super cheap for labor to make up such as large portion of cost.

[โ€“] guacupado@lemmy.world 2 points 1 year ago

The UAW pres, I think, said labor was like 5% the cost of vehicles. They could double everyone's pay and still make ridiculous profits.