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.”
Kevin Costner, 67, has found love again after a difficult divorce – and you might know her.
Months after his heartbreaking divorce from longtime wife Christine Baumgartner, it appears that Kevin Costner has maybe found love again.
According to rumors, the Yellowstone actor is dating singer Jewel; the two were recently photographed together at a tennis fundraiser for the Inspiring Children Foundation on Richard Branson’s Necker Island.
According to TMZ, the couple flew to the Caribbean together and spent almost a week in each other’s company. This, of course, follows the upheaval caused by Costner’s post-relationship legal fight with the aforementioned Baumgartner.
According to sources, Costner was taken aback by his wife’s choice to file for divorce in May of this year. From there, the tragic situation started to fall lower.
Christine filed for divorce in early May, alleging “irreconcilable differences.” They’d been married for 18 years.
“It is with great sadness that circumstances beyond Mr. Costner’s control have resulted in Mr. Costner having to participate in a dissolution of marriage action,” a spokeswoman for Costner said in a statement.
“We ask that his, Christine’s and their children’s privacy be respected as they navigate this difficult time.”
Baumgartner and Costner married in 2004. Cayden, 15, and Hayes, 14, are the couple’s boys, while Grace, 12, is their daughter.
Following Baumgartner’s lawsuit, she and Costner had a nasty dispute, with the former being kicked out of the family home – as per a prenuptial agreement – and the latter compelled to pay $63,209 per month in child support.
Despite the fact that Costner’s journey has clearly been a dark one, filled with grief, uncertainty, and a lot of stress he could have done without, it appears there is light at the end of the tunnel.
According to TMZ, Costner is in a relationship with US singer Jewel. As previously stated, the couple went to the Caribbean together, and one insider stated, “There was definitely something going on.” They were flirtatious, and when they were together, they both seemed to light up.”
Not only that, but Jewel made a social media note of Costner. “It’s an incredible time, and one I use to relax, rest, and play with my son!” she remarked of the tennis fundraiser hosted on Necker Island in the British Virgin Islands. This year, @kevincostnermodernwest was gracious enough to mentor our youngsters.”
According to TMZ, Costner and Jewel traveled back together. According to a source, Jewel is “picky,” and “she wants a good man, and Kevin fits the bill.”
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