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 4 points 1 year ago (1 children)

Yeah, that won't affect the cost. If Ford could increase the price of their vehicles by $1,000 and still sell them, they would be doing that right now. All this will do is eat into their profits.

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

Pretty much. Prices are set by supply and demand, but when you tack on a fixed cost across the board it does put upward pressure on the price.