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.”

Florida Teacher Killed by Hurricane Helene – Tragic Final Moments Revealed

Donna Fagersten had taken refuge at a friend’s home on the top floor as Hurricane Helene tore through northern Florida, leaving a devastating trail of destruction and more than 100 casualties in the southeastern U.S.

As the storm appeared to calm, the 66-year-old teacher, just days away from her retirement, made a fateful choice to return home to rescue her cat.

When Hurricane Helene hit Florida on September 26, 2024, around 11 p.m., the Category 4 storm triggered flash floods, forcing residents to scramble for safety. One of the hardest-hit areas was Pinellas County, particularly in the Tampa Bay region, where at least 11 people lost their lives.

Among the victims was Donna Fagersten, a second-grade teacher from Ponce De Leon Elementary in Pinellas County.

According to her best friend Heather Anne Boles, Donna was set to retire the following week after dedicating 35 years to teaching. When the storm hit, Donna sought shelter with Boles and her partner, Mike Moran. As the storm surge rushed in, they retreated to the third floor of Boles’ mother’s home, across from the beach where Donna lived.

Boles recalled that as the storm seemed to settle, Donna insisted on going home to check on her cat, despite Boles’ pleas to stay. Tragically, another surge and high winds returned, battering the coastline.

A neighbor later came to their shelter, reporting that someone had been found floating in the parking garage. They quickly pulled Donna from the water and began CPR, but despite their efforts and the arrival of fire rescue by boat, they were unable to revive her.

Detectives later confirmed that Donna had drowned in her home, which had been flooded with water.

Family and friends have since remembered Donna as a “beautiful person” who was deeply committed to her students and community. In a Facebook post, Mary Gleason Lyons, a colleague and friend, described Donna as a dedicated teacher with a big heart, touching the lives of many students over her 35-year career.

Online tributes poured in, with former students and friends expressing their sadness at her passing and remembering her kindness and warmth.

While Boles and Moran are now left to clean up after the floods, which destroyed most of their belongings, the loss of their best friend is what hurts the most. “This is the worst we have ever seen,” Boles said, reflecting on the storm’s destruction compared to Hurricane Irma, where they managed to keep their home and belongings intact.

On a positive note, Donna’s cat survived, and her friends are working to find him a new home.

Hurricane Helene, which cut a destructive 800-mile path northward, left more than 2 million homes without power and claimed over 100 lives, according to USA Today.

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