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.”

Honoring Remarkable Women: Take a Moment to Remember Their Inspiring Stories!

Within the quiet walls of Livonia, Michigan, a pall fell over the convent as it witnessed the profound passing of a number of revered sisters, cornerstones of the Roman Catholic society. Their withdrawal left an irreplaceable hole in the convent’s everyday activities. These esteemed women were adored as writers, committed educators, and even a dependable secretary from the Vatican office.

Numerous people were impacted by their lives, and both the church and the larger community were greatly saddened by their passing. Nevertheless, their incredible bravery and unity shone through their sorrow. They were extremely vulnerable due to their advanced age, but they persevered in the face of hardship, their unyielding attitude a sign of their unwavering faith.

Families of the deceased repeated stories of their close-knit relationship, which was developed via communal living, work, and prayer. This tragic incident serves as a sobering reminder of the frailty of life and the ties that bind us together. It is reminiscent of the devastation caused by the 1918 influenza epidemic.

In the wake, unanswered questions clouded the otherwise peaceful sanctuary. How had the illness gotten beyond the walls of the monastery, where contact with outsiders was strictly forbidden? Given that the nuns were susceptible to the infection, why were the proper safety measures not followed?

Sadly, it was discovered that two of the convent’s assistants had unintentionally brought the virus, a serious mistake that would have disastrous repercussions. Unchecked, the virus killed one nun nearly every day until all thirteen had perished, infecting eighteen others who were still alive but not surviving.

Those who witnessed this terrifying ordeal struggled with the virus’s unrelenting toll and the sorrow that darkened every day that went by. The grief process for their fellow sisters was made much more difficult by government-imposed regulations and the ongoing fear of infection, adding layers of agony to an already intolerable burden.

The head of clinical health services, Noel Marie Gabriel, acknowledged the agony that engulfed the community as she spoke about the emotional cost of the situation. The experience, which lasted from April 10 to June 27, was a somber episode in the convent’s past and left a lasting impression on everyone who saw it.

Let’s pay tribute to these amazing women, whose lives were examples of faith, resiliency, and unshakable dedication, while we consider this awful incident. May their memory live on as a ray of light in the shadows, and may their spirits rest in peace forever.

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