marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
electric cars
12/08/2023
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By Laura Harris
Ford Motor Company scales down EV investments at Michigan plant due to declining demand and inflation pressures
The Ford Motor Company is scaling back its investment in electric vehicles (EVs) by reducing the production capacity of its battery factory in Marshall, Michigan and cutting 800 jobs. According to Ford spokesperson Mark Truby, the company initially planned to invest $3.5 billion in the factory, known as Blue Oval Battery Park, to produce 35 gigawatt […]
12/05/2023
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By Laura Harris
Nearly 4,000 car dealers urge Biden to abandon “unrealistic” electric vehicle agenda amid plummeting sales
Nearly 4,000 car dealers from all over the United States have sent a letter to President Joe Biden, urging him to abandon his “unrealistic” green energy agenda involving the expansion of electric vehicle (EV) use due to the lower-than-expected sales and adoption. In the letter, car dealership heads and executives advised Biden to drop EV mandates and green […]
11/30/2023
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By Belle Carter
Ford resumes Michigan EV battery plant but reduces production capacity by 40%, drops about 800 jobs
Due to plummeting sales amid President Joe Biden’s flopping economy and push to green energy, Ford Motor Company announced that it would resume its “Marshall Project” – the planned electric vehicle (EV) battery plant in Michigan. However, the renowned U.S. automaker confirmed that it will drastically scale down the manufacturing scope by more than 40 percent and […]
11/27/2023
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By Zoey Sky
Automakers cut programs and reassess future plans for EV production as consumer demand plummets
In recent months, some of the biggest car manufacturers have postponed their plans to produce more electric vehicle (EV) by 2030. Ford Motor Co. (Ford) paused its $3.5 billion electric car plant in Marshall, Michigan. Both General Motors (GM) and Honda have also canceled a program to sell EVs for around $30,000. Ford has also […]
11/09/2023
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By Belle Carter
Automaker bigwigs admit EV sales are in jeopardy
Earlier in October, several car manufacturer executives acknowledged that their ambitious electric vehicle (EV) plans are in jeopardy, at least in the near term, Business Insider reported. Dealers have been warning of slowing EV demand, growing inventory and dropping sales for months. Several of the auto bigwigs at some of the biggest carmakers expressed discomfort […]
11/08/2023
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By Laura Harris
EVs on the verge of becoming UNINSURABLE due to HIGH COST of battery repairs
Electric vehicles (EVs) in the U.K. are on the verge of becoming uninsurable because of the high cost associated with fixing their batteries. Jonathan Hewett, CEO of the motor insurer-funded automotive research firm Thatcham Research, issued this warning. According to him, the lack of “insight and understanding” about the cost of repairing damaged EV batteries leads […]
11/07/2023
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By Belle Carter
TRUE cost of owning an EV equates to $17.33/gal of gas, study reveals
A recent study titled “Overcharged Expectations: Unmasking the True Costs of Electric Vehicles” recently disclosed that owning an electric vehicle (EV) comes with a hefty price tag of $17.33 per gallon of gasoline. The study went out amid President Joe Biden’s massive push for the green agenda, switching from gasoline vehicles to electrification as well […]
11/07/2023
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By Laura Harris
FreedomWorks economist predicts EVs will be the auto industry’s “NEXT BIG FLOP”
Stephen Moore, a senior economist at FreedomWorks and former senior economic adviser to former President Donald Trump, has predicted that America’s electric vehicle (EV) market will be the auto industry’s “next big flop.” In an interview on Fox News’s Varney & Co. program and an op-ed in the Daily Caller, Moore drew a parallel connection between the Ford Edsel, which was […]
10/04/2023
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By Kevin Hughes
In appeal to auto workers, Trump warns that Biden’s EV mandates will lead to fewer well-paying jobs
Former President Donald Trump criticized President Joe Biden’s electric vehicle mandate during his speech on Sept. 27 in Michigan to members of the United Auto Workers (UAW), who are currently on strike. “[Biden] wants electric vehicle mandates that will spell the death of the U.S. auto industry,” Trump told a group of UAW workers in Clinton Township, […]
09/27/2023
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By Arsenio Toledo
Ford pauses construction of $3.5 billion EV battery plant in Michigan amid scrutiny over CCP involvement with the project
Automaking giant Ford has halted construction on a $3.5 billion electric vehicle battery manufacturing factory amid an ongoing probe by House Republicans over the company’s ties with China. Ford announced plans to construct the 950-acre BlueOval Battery Park in the small town of Marshall, Michigan, around 90 miles west of Detroit, on Feb. 13 and […]
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