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.
Comment on Ford Delays $12 Billion in EV Investments Due To UAW Strike Impact and Slow Consumer Demand
Pretzilla@lemmy.world 11 months agoJust to put a number on it, the UAW cost increase is around $1000 per vehicle
surewhynotlem@lemmy.world 11 months ago
Pretzilla@lemmy.world 11 months 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.
QuarterSwede@lemmy.world 11 months 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.
surewhynotlem@lemmy.world 11 months ago
That sounds wrong. Their factories and parts must be super cheap for labor to make up such as large portion of cost.
guacupado@lemmy.world 11 months 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.
Poach@lemmy.world 11 months ago
That’s the cost to Ford, or how much they’d raise the price of their vehicles to compensate?
Pretzilla@lemmy.world 11 months ago
eguidarelli@lemmy.world 11 months ago
Can you provide a source for that?
Pretzilla@lemmy.world 11 months ago
Updated