Automaker Suffers Major Losses of Billions Due to Electric Vehicle Investments in 2023.

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.”

Susan Sarandon’s Daughter, 39, Weds in ‘French Garden’ Ceremony, Wearing Corset Gown That Sparks Heated Reaction: PhotosSusan Sarandon’s Daughter, 39, Weds in ‘French Garden’ Ceremony, Wearing Corset Gown That Sparks Heated Reaction: Photos

Susan Sarandon’s 39-year-old daughter tied the knot in a beautifully enchanting ceremony. Despite looking radiant in her glamorous corset wedding gown, the new bride has found herself at the center of strong criticism from the public regarding her ensemble. Photos and details of the joyous occasion have been shared online.

Like a page straight out of a fairytale, Eva Amurri, daughter to iconic actress Susan Sarandon and famous director Franco Amurri, wed her beloved fiancé, Ian Hock, on June 29 in a stunning garden-themed ceremony. Pictures of the bride and groom saying “I do” in New York’s Hudson Valley have prompted strong reactions from the public, especially where Eva’s dress is concerned. Opting for a more personal and intimate gathering, Eva and Ian exchanged vows in front of 40 guests. In addition to Eva’s mother, the guests included Susan’s ex, Tim Robbins. Adding a layer of sweetness to the day was the fact that the 39-year-old lifestyle blogger and actress’s children played a special role in the ceremony.

Marlowe Mae, Major James, and Mateo Antoni Martino, whom Eva shares with her ex-husband Kyle Martino, performed a traditional handfasting using ribbons they picked out themselves.

Speaking about incorporating her kids in her special day, Eva, who also shared an array of images from her big day on her Instagram Story, explained, “We really wanted to center our little family unit in all of it, and make it as much about the kids as it was about us.”

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