Both Miranda’s predicament with Lilian, her mother-in-law, and Julia’s encounter with her in-laws serve as reminders of the complexity of family dynamics, especially when it comes to money. In Miranda’s instance, her discussion with Lilian finally resulted in a greater comprehension of one another’s viewpoints and a decision to speak more candidly going forward. Conversely, Julia and her spouse, David, managed to confront their in-laws’ shrewd actions by setting limits and promoting joint accountability.
Had I been Miranda, I might have approached the recurrent problem with Lilian in a similar manner. Establishing clear limits and having open and honest communication can frequently improve understanding within the family. It’s critical to approach these discussions with empathy and a readiness to hear one another out.
In Julia’s case, taking proactive action included confronting her in-laws about their actions and setting clear limits. Through a straightforward approach and a focus on the significance of shared responsibility, Julia and David successfully established a more equitable dynamic within their family.
In the end, every family dynamic is different, and these kinds of problems don’t have a universal answer. Nonetheless, handling challenging circumstances with family members can be greatly aided by preserving open communication, establishing limits, and placing a high value on mutual respect.
Automaker Suffers Major Losses of Billions Due to Electric Vehicle Investments in 2023.
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.”
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