83
Ford Delays $12 Billion in EV Investments Due To UAW Strike Impact and Slow Consumer Demand
(driveteslacanada.ca)
this post was submitted on 28 Oct 2023
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Just to put a number on it, the UAW cost increase is around $1000 per vehicle
Can you provide a source for that?
Edit: Appreciate it!
Yeah, that won't affect the cost. If Ford could increase the price of their vehicles by $1,000 and still sell them, they would be doing that right now. All this will do is eat into their profits.
Pretty much. Prices are set by supply and demand, but when you tack on a fixed cost across the board it does put upward pressure on the price.
That sounds wrong. Their factories and parts must be super cheap for labor to make up such as large portion of cost.
The UAW pres, I think, said labor was like 5% the cost of vehicles. They could double everyone's pay and still make ridiculous profits.
I would have thought it was more honestly. I know what team’s labor is and it’s north of that figure for $10K customer price.
$1,000 labor is 2% on a $50,000 vehicle. 1.5% on $75,000. Obviously I’m not looking at dealership markup, etc for ease of math. This just gives you an idea of what percentage that is.