Hi, Shrewd!        Login  
Shrewd'm.com 
A merry & shrewd investing community
 Best Of PoliticsBest OfAll BoardsThe Shrewd’m WeeklyLearn to InvestHow to Become Shrewd
Search
Shrewd'm.com Merry shrewd investors
Search
Best Of PoliticsBest OfAll BoardsThe Shrewd’m WeeklyLearn to InvestHow to Become Shrewd

The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
Answer this questionContinue to Shrewd'mThis note won't appear again
Halls of Shrewd'm / US Policy
Unthreaded | Threaded | Whole Thread (49) |
Author: Dope1 ⎊  😊 😞
Number: of 84362 
Subject: Re: EV and 2024
Date: 11/30/23 8:36 PM
Post New | Post Reply | Report Post | Recommend It!
No. of Recommendations: 0
Make no mistake - the policies that voters are pushing back on now aren't anywhere big enough to meaningfully solve the climate change problem, either. Voters in the OECD are simply unwilling to pay the costs necessary to keep climate change low.

Automakers are now pushing back on EV policies:
reason.com - Automakers rethink e v investments as higher labor costs hit

Ford and General Motors (G.M.), two of the three automakers that reached a deal with the UAW last month to end the strike, have announced plans this week to scale back future investments in electric vehicle (E.V.) production. Both companies have cited the higher labor costs created by the new union contract as a motivating factor for cutting costs, and E.V. production lines seem to be some of the top targets—perhaps not a surprise, given lackluster E.V. sales.

...
Separately, Ford has announced plans to postpone about $12 billion in planned investments in E.V. production. That includes punting on plans to build a battery production facility in Kentucky and postponing an expansion of a Michigan E.V. plant.

The story at G.M. appears to be pretty similar. New labor costs will total about $9.3 billion over the life of the UAW contract, and the company is planning to "fully offset the incremental costs of our new labour agreements," according to a CBC report this week. It looks like E.V. and self-driving vehicle production will take a significant hit.
Post New | Post Reply | Report Post | Recommend It!
Print the post
Members reply directly to Dope1 here — and replies get answered. Reading is free; so is joining the conversation. Join Shrewd'm »
This community has written 84,309 posts about US Policy. The article-length ones it recommended most:
It's going to get worse · 33 recs · 2025
G’day Donny · 30 recs · 2026
Old Related Story · 28 recs · 2026
HCR is a national treasure · 27 recs · 2025
Fascism in America · 27 recs · 2025
Unthreaded | Threaded | Whole Thread (49) |


Announcements
US Policy FAQ
Contact Shrewd'm
Contact the developer of these message boards.

Ticker or Board Name Author

Best Of Politics | Best Of | Favourites & Replies | All Boards | Followed Shrewds | Open Questions | Moving a community