Post #9426 by Dope1 on the US Policy board

Halls of Shrewd'm / US Policy ❤

Unthreaded | Threaded | Whole Thread (49)

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:
https://reason.com/2023/11/30/automakers-rethink-e...

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

Unthreaded | Threaded | Whole Thread (49)

Prev | Next

Announcements

US Policy FAQ

Contact Shrewd'm
Contact the developer of these message boards.

A community forum supporting civilized, and highly helpful, self-educating investors that come together for Shrewdness and merry spirits. These message boards closely follow the look and feel of the old message boards at boards.fool.com prior to the boards redirected to discussion.fool.com. Shrewd'm is not affiliated with the comprehensive and excellent investment website, The Motley Fool (TMF), in any way. The Shrewd commmunity here has owed, and continues to owe, gratitude to The Motley Fool for nurturing a culture of jovial irreverence towards Wall St, and that tradition will continue here.