Ford Reports Devastating Losses Thanks to Electric Vehicle Gamble

Major U.S. automaker Ford blamed its sizable investment in electric vehicle (EV) company Rivian for its dramatic revenue decline in the first quarter of 2022.

Ford reported revenue of $34.5 billion between January and March, a 5% decline relative to the same period in 2021, and a net loss of $3.1 billion, according to the company’s earnings report released Wednesday. The Detroit automaker said its large investment in Rivian accounted for $5.4 billion in losses during the first quarter.

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Commentary: President Biden Sides Against Union Rank-and-File

While rank-and-file union members embraced President Trump, virtually every major union endorsed Joe Biden. A quietly issued Labor Department regulation helps explain this disconnect. President Biden has put union leaders first — even at the expense of union members.

Late last year, the Labor Department rescinded Trump Administration union transparency regulations. These regulations would have required union trust funds — like apprenticeship funds and strike funds — to disclose their receipts and expenditures.

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Commentary: Unions Aligning with America First

After intense negotiations, the United Auto Workers secured a new agreement with Ford, General Motors, and their suppliers that effectively prohibits a vaccine mandate for employees by requiring only “voluntary” disclosure of vaccination status for union members. This hard-won validation for workers points to a larger opportunity for the America First movement and organized labor to acknowledge that they are natural allies.

On critical issues ranging from medical privacy to border security and foreign trade, the emerging populist and nationalist consensus of the New Right creates an obvious home for unionized Americans. The America First cause can, in turn, help revitalize private-sector unions and guarantee a more prosperous society for our country, with a stronger middle class through a better diffusion of economic and political power.

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Commentary: Tennessee Legislature Must Pass Big COVID Test in ‘Special Session’

The red state/blue state dichotomy is not simple.

Nowhere is that more apparent than Tennessee where—despite having one of the most conservative electorates in the country—the leadership has been passive at best in responding to the wishes of their supporters during these days of great crisis.

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