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.”
Madonna’s brother Christopher Ciccone dies aged 63
Christopher Ciccone, the younger brother of pop icon Madonna, passed away, at the age of 63 after battling cancer. Christopher had a profound influence on Madonna’s career, working closely with her during her early days. He started as a backup dancer and later became her art director, most notably for her Blond Ambition World Tour (1990) and The Girlie Show (1993). He was also a production designer and interior designer, expanding his career beyond his association with his famous sister.
Born in 1960, Christopher and Madonna shared a complicated yet deep bond. Despite their professional and personal ups and downs, including public disagreements, their connection remained significant throughout their lives. Christopher was one of the key figures behind the scenes of Madonna’s ascent to superstardom, contributing to her visual style and performances. He was also known for his candid 2008 memoir, “Life with My Sister Madonna,” where he shared details of their complicated relationship and experiences growing up together.
Christopher’s death follows the passing of their stepmother, Joan Gustafson Ciccone, who also died from cancer in September 2024, and their eldest brother, Anthony Ciccone, who passed away in 2022. He is survived by his husband, Ray Thacker, and his siblings, including Madonna. His passing has left a deep void in the Ciccone family, especially given the close familial losses in recent years.
Despite their differences, Madonna paid tribute to her brother following his death, expressing that she believed he was “dancing somewhere,” a touching acknowledgment of their shared past in the arts. Christopher’s contributions to the creative world, particularly through his work with Madonna, have left an indelible mark on the entertainment industry.
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