The federal government is forcing the the big US auto companies to make EVs, which they lose money on.
Top that off, the EVs might have expensive warranty problems because they are loaded with new, unproven parts.
Future profits are iffy in the coming years.
Perhaps delayed, contingent profit/loss-sharing might be possible.
For example, once all 2024 products go off warranty then maybe profit-sharing at that time would be possible, with clawbacks in case of post-warranty recalls and product liability payouts.
If UAW members think the shareholders have it too good, perhaps UAW members should open brokerage accounts and buy shares.
Top that off, the EVs might have expensive warranty problems because they are loaded with new, unproven parts.
Go to YouTube and search “the 5600.00 dollar tail light”. Water gets into the lens and corrodes the light. Because the f350 truck is a rolling computer with a million interconnected modules rather than a copper harnessed truck, codes start flying and other modules start malfunctioning until the truck itself won’t start at all. The 5600.00 is an absolutely legit and unavoidable price. Mind boggling! I have an 02 f350 and there’s no way I’d replace it with new. That fifty six hundred for the tail light would cover the cost of a new crate engine for the 02!
For example, once all 2024 products go off warranty
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My 2017 Toyota Highlander has a bumper to bumper life time warranty. Not only for me but if I pass the car onto one of my children the warranty will remain in effect for that child too.
2016 not 2017.
2016 not 2017.