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 [...]

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 […]

  • surewhynotlem@lemmy.worldEnglish
    3·
    1 year ago

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

    • guacupado@lemmy.worldEnglish
      31·
      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.