With financial losses and now a historic labor strike, the auto industry is feeling the brunt of its Democrat-pressured transition to electric vehicles (EV).
Ford President and CEO Jim Farley even suggested last week ahead of the United Auto Workers (UAW) strike against the Big Three automakers that his company couldn’t pay workers what they wanted because of the cost of the EV transition.
General Motors has had similar problems with the EV transition, specifically with supply chain issues and building enough electric batteries to go into the cars.