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.”

Honoring the “Super Seniors” of Springdale High School

The Class of 2022 was in for a surprise when they celebrated their graduation at the Springdale School District. In addition to honoring the recent graduates, the event paid respect to four exceptional veterans who, had they not decided to serve in the military, would have graduated in 1956. Known by their endearing nickname, “super seniors,” Carl Stults, Bobby Burke, Charles Leroy Moon, and Bob Self were among the veterans who received honorary diplomas with the graduating seniors.

These four young guys were all seniors in high school in 1956, yet none of them graduated from Springdale High School. Carl Self revealed, “Springdale didn’t recognize the GED at the time, but I took a test when I joined the Air Force. I eventually graduated from Little Rock Central with a diploma. It wasn’t until they got together for lunch one day that the school district learned about their missing diplomas.

The Class of 2022 was delighted to learn that these “super seniors” will be participating in the graduation ceremony. It was a lesson in sacrifice and honor as much as a celebration of their accomplishment. Jared Cleveland, the superintendent of Springdale, delivered sentimental letters honoring the heroes’ bravery and devotion from U.S. Representative Steve Womack and Governor Asa Hutchinson during the ceremony.

They served both during and after the Korean War, according to Womack. They weren’t thinking about themselves or asking themselves, “What about me?” at the time. They performed their duty. Isn’t that the authentic essence of America? The instructors paused to recognize the outstanding accomplishments that each veteran has made since enlisting in the Air Force in 1956.

These four extraordinary guys finally earned their long-awaited diplomas from their alma mater, after 66 years. It was a just reward for all of their hard work. “Once a Bulldog, Always a Bulldog,” as the saying goes.

Greetings on your honorary diplomas, Bob Self, Charles Leroy Moon, Bobby Burke, and Carl Stults! Their devoted dedication to our nation is incredibly admirable. We are fortunate to live in the wonderful country we do today because of courageous people like them. By sharing this story and expressing our gratitude, let’s honor these men for their incredible achievements and selflessness.

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