As the push for electric vehicles persists despite public reluctance, the once-promising solution for environmental concerns is revealing significant drawbacks. Issues like inadequate charging infrastructure, limited range, battery problems, high repair costs, and supply chain disruptions have plagued the industry.
Despite these challenges, proponents like Joe Biden continue to advocate for electric vehicles. However, the lack of consumer interest has led to substantial financial losses for manufacturers. Ford Motor Company, for instance, reported a staggering $4.7 billion loss in 2023 from its electric vehicle product line, exceeding earlier projections.
The company attributed the losses primarily to intense competition driving down prices. With Ford selling around 72,608 electric vehicles in the year, the losses translate to roughly $65,000 per vehicle sold, an unsustainable business model. Moreover, Ford anticipates further losses, projecting up to $5.5 billion for 2024, particularly concerning in an election year.
Despite Chief Financial Officer John Lawler’s optimistic remarks about future profitability and customer adoption, the reality suggests otherwise. Ford’s flagship electric vehicle, the F-150 Lightning pickup, saw diminished demand, leading to production cuts. This setback is notable, especially as Biden’s administration aimed for 50% of new vehicle sales to be electric by 2030.
Watch Biden test drive the Ford Lightning pickup here:
General Motors has also dialed back production and tempered expectations, posting a $1.7 billion loss on electric vehicles in just the fourth quarter of 2023. Ford went on to state: “We said yesterday that we will launch our second-generation EVs when they can be profitable and deliver the kind of returns we want, and we will build a stand-alone profitable EV business. Meantime, we’re improving the contribution margin of our first-generation EVs.”
At 69, Kevin Costner gets re-do to “look younger” after shock divorce, claims insider
Following a divorce, it’s common for one or both parties to make changes. Perhaps some new clothes? A brand-new vehicle? Perhaps a new hairstyle, a new career, or a new social circle to go out and drink with?
My argument is that, after going through something as life-altering and, typically, traumatizing as a formal separation from someone you thought you would be in love with forever, it’s only normal to make changes to your daily life.
It appears that even celebrities can undergo post-divorce makeovers. As it happens, if Radar Online is to be believed, Kevin Costner is currently in the middle of one.
The short version of Costner’s love life and how it unfolded in 2023—which our coverage of it has been extensive—is that the Dances With Wolves star and Christine Baumgartner parted ways last year after 19 years of marriage.
According to all reports, Costner was taken aback by his ex-wife’s decision, while Christine was the one who started the divorce process. After an inevitable court struggle, Baumgartner received an order for Costner to pay $63,209 in child support each month.
Although it might seem like a lot, it is far less than the $161,592 that Christine was reportedly looking for.
A few months later, the 69-year-old Costner was the focus of several rumors that connected him to different women. I suppose this is to be anticipated, given the day his divorce was finalized, he became become one of Hollywood’s most eligible bachelors.
In recent months, there has been a lot of conjecture that he is now dating singer Jewel; the two are said to have taken a plane trip together for vacation. In an April interview, Jewel herself mentioned Kevin, slyly describing the actor as “a great person.”
Regarding the speculations that connected the two of them, she said in the same interview, “The public fascination is intense for sure.”
CANNES, FRANCE – MAY 19: On May 19, 2024, in Cannes, France, Kevin Costner is seen on the “Horizon: An American Saga” Red Carpet at the 77th annual Cannes Film Festival at the Palais des Festivals. (Image by FilmMagic/JB Lacroix)
The world won’t likely find out if Costner has found new love until an official announcement is released, but Radar Online claims that the leading man in Yellowstone has changed since splitting from Christine.
“He fusses over his hair nonstop and is now getting weaves,” a source reportedly told news outlet The Globe. “He is dabbling in other beauty treatments like Botox and spray tans to look younger.”
“He used to be a wash-and-go guy, but now he spends hours getting ready and gets really obsessed with his hair,” the insider said. With the bleached fuzz on top of his head, his buddies make fun of him for appearing like a scarecrow, but he doesn’t mind because he thinks it looks wonderful.
Indeed, when Costner was photographed at the Cannes Film Festival this month to introduce the first movie in his new four-part Western serial Horizon: An American serial, he flashed bleached blond hair and a noticeably longer hairline.
How do you think Costner looks now? Please tell us in the comments section.
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