Comment on Ford Delays $12 Billion in EV Investments Due To UAW Strike Impact and Slow Consumer Demand

• eguidarelli@lemmy.world ⁨1⁩ ⁨year⁩ ago

  Can you provide a source for that?

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  • Pretzilla@lemmy.world ⁨1⁩ ⁨year⁩ ago

    Updated

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• surewhynotlem@lemmy.world ⁨1⁩ ⁨year⁩ ago

  Yeah, that won’t affect the cost. If Ford could increase the price of their vehicles by $1,000 and still sell them, they would be doing that right now. All this will do is eat into their profits.

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  • Pretzilla@lemmy.world ⁨1⁩ ⁨year⁩ ago

    Pretty much. Prices are set by supply and demand, but when you tack on a fixed cost across the board it does put upward pressure on the price.

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• QuarterSwede@lemmy.world ⁨1⁩ ⁨year⁩ ago

  I would have thought it was more honestly. I know what team’s labor is and it’s north of that figure for $10K customer price.

  $1,000 labor is 2% on a $50,000 vehicle. 1.5% on $75,000. Obviously I’m not looking at dealership markup, etc for ease of math. This just gives you an idea of what percentage that is.

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• surewhynotlem@lemmy.world ⁨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.

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  • guacupado@lemmy.world ⁨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.

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• Poach@lemmy.world ⁨1⁩ ⁨year⁩ ago

  That’s the cost to Ford, or how much they’d raise the price of their vehicles to compensate?

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  • Pretzilla@lemmy.world ⁨1⁩ ⁨year⁩ ago

    www.cnn.com/2023/10/30/business/…/index.html

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