CHECK THIS ONE OUT. I PLAYED A BIG HAND SETTLING THE 2019 UAW STRIKE. THIS LATEST ONE IS A DOOZY. The smashmouth victory of the United Auto Workers (UAW) over GM, Ford, and Stellantis conjures up two Wall Street clichés: “Don’t confuse brains with a bull market,” and “pigs get fed, hogs get slaughtered.”
Considering the amounts of car fires in electric vehicles, particularly Chinese built ones, I think we should not compete with China for the market, but turn away from the electric vehicles, at least until we develop different battery technology that is safer and allows for much faster charging and significantly longer range, and be more hot and cold weather tolerant. The strip mining of lithium and other battery elements requiring with diesel equipment when, so called, green technology is the purpose is folly. Then charging current batteries with coal fired generation plants is stupid. A country that has the greatest oil and gas deposits on the planet should be using those resources and rebuilding our manufacturing base at home and re emerge as the economic powerhouse we once were. Then it would not matter if the brics countries want to trade in rupees, rubles or sea shells. they would need dollars to by from us. It is also time for trade unions to be working for their members and not for the demoncrat party and bankster grifters. Maybe then the unions would offer doses sound economic reality to the membership in negotiations.
Comment #2: "Dramatically raises wages and restores a cost-of-living-adjustment" is also silly when the vehicles are priced out of reach and a large percentage of auto workers will lose their jobs and when some stable economy returns be replaced by automation.
Get rid of climate liars and go back to using God's natural given fuels which gives back jobs to the much injured families from the past 30 years and gives a future to the young generation who have been brought up to be lazy
The part that will kill the US auto industry is the battery manufacturing.
If you take away the battery pack, the future "car" will just be a box of aluminum or plastic, with a cabin for the passengers (just passengers; there will not be a driver) being shuttled around by laser-guided prompts. What labor will the union members contribute? Well, they might help with installing seats and possibly attaching doors, while the actual work is performed by robots. The actual labor force at these factories will be reduced from the current level by (probably) 80%. The result will be a repeat of what happened 15 years ago: The auto industry will be a pension program disguised as a few automobile manufacturers. The biggest expense for these automakers will be the legacy pensions, which will make the final output cost more than expected, and there will be fewer buyers.
Except that when the 10-year anniversary of their initial electronic vehicle purchase rolls around, they'll need to replace the entire car because the battery is worn out.
Thank you Mr. Navarro. Reading your article about this UAW agreement and implications, President Trump is a true competitor against those who would appreciate the US just rolling over and taking it.
Nice overview. Loan rates will go up or down for all automakers. You right fully state that tarriffs under Trump would affect Tesla/chinese imports which would also raise significant and much need federal tax revenues and redistribute some of the national wealth from the feckless elites driving Teslas after decades of benefiting from corrupt fed policy. FYI I listen on the warroom.
Read one article on Medium.com that said Labor is only about 4.8% of a cars price. Don't think that's so, but what do I know. I'm looking forward to the demise of the crazy alternate energy sources and the crazies promoting CO2 climate change.
The people who paid the UniParty faction, ie. Bidenistas, have captured the hearts and minds of the profit takers. But, there may be some other individual Type As resistant to a police-state.
First off the US should stop govt subsidies on EV and forget about making the EV madatory at anytime in the future. At some point technology will work out any kinks and the US can develop the materials required to produce a safe and efficient EV right here in the USA. Then and ONLY then will the US be competitive with any other nation manufacturing EV. Should EVs from other countries or the US continue having safety issues with fires resulting in excessive insurance premiums and high costs of battery replacement; the US consumer will abandon EV.
In the meantime I will stick with my 3 gas powered vehicles (car, pickup truck and RV) and avoid all EV mandates.
Epoch Times: "Assuming that the EV is driven for 10 years at 120,000 miles, this would make the “true cost of fueling” equivalent to an EV owner paying $17.33 per gallon of gasoline" -- presently, BUT when there's no gas or electricity the cost will be $∞. 06NOV23, Google's “100% Electric Bus” took on San Francisco’s iconic hilly terrain, only to lose power midway up, roll backward, and turn into a four-wheeled pinball, colliding with reportedly a total of nine vehicles on its unintended descent. GP - https://www.thegatewaypundit.com/2023/11/report-googles-green-dream-goes-downhill-100-electric/
Where's the Emergency Brake? A. No need on an experimental vehicle.
Lastly, I can't wait to LOL at the EV (environmentally friendly) tanks. Fools!
I used to be very anti-union. My stance has softened over the year. I'm still fiercely philosophically against public sector unions. But private sector workers do often need protection from corporations. However, as Dr. Navarro noted, this is not a free market economy in the global market. The double whammy of Chinese subsidies, plus US EV mandates, means unions might be cutting off their nose to spite their faces. As Dr. Navarro rightly prescribes, only Trump's return, and a return to actual free market economics, will fix this mess.
Biden's EV mandate is useless. Only 4% of US consumers are stupid enough to get trapped in this moronic purchase. As time passes and people find out how useless and costly these vehicles are then that 4% number will readily decrease. The market place always wins in the end---mandates or not.
Most parts are made in China. If the battery dies it costs as much as the car to replace it. No brainer. No electric cars in mass. If some want it, so be it ,but not the majority.
Considering the amounts of car fires in electric vehicles, particularly Chinese built ones, I think we should not compete with China for the market, but turn away from the electric vehicles, at least until we develop different battery technology that is safer and allows for much faster charging and significantly longer range, and be more hot and cold weather tolerant. The strip mining of lithium and other battery elements requiring with diesel equipment when, so called, green technology is the purpose is folly. Then charging current batteries with coal fired generation plants is stupid. A country that has the greatest oil and gas deposits on the planet should be using those resources and rebuilding our manufacturing base at home and re emerge as the economic powerhouse we once were. Then it would not matter if the brics countries want to trade in rupees, rubles or sea shells. they would need dollars to by from us. It is also time for trade unions to be working for their members and not for the demoncrat party and bankster grifters. Maybe then the unions would offer doses sound economic reality to the membership in negotiations.
Comment #2: "Dramatically raises wages and restores a cost-of-living-adjustment" is also silly when the vehicles are priced out of reach and a large percentage of auto workers will lose their jobs and when some stable economy returns be replaced by automation.
You are not kidding all cooked up by the WHO and depopulaters
Get rid of climate liars and go back to using God's natural given fuels which gives back jobs to the much injured families from the past 30 years and gives a future to the young generation who have been brought up to be lazy
Alas, same thing happened to the steel industry in the 70s...
BEWARE OF DEMONICRATS YOU KNOW, PRAY AND PREP
The part that will kill the US auto industry is the battery manufacturing.
If you take away the battery pack, the future "car" will just be a box of aluminum or plastic, with a cabin for the passengers (just passengers; there will not be a driver) being shuttled around by laser-guided prompts. What labor will the union members contribute? Well, they might help with installing seats and possibly attaching doors, while the actual work is performed by robots. The actual labor force at these factories will be reduced from the current level by (probably) 80%. The result will be a repeat of what happened 15 years ago: The auto industry will be a pension program disguised as a few automobile manufacturers. The biggest expense for these automakers will be the legacy pensions, which will make the final output cost more than expected, and there will be fewer buyers.
Except that when the 10-year anniversary of their initial electronic vehicle purchase rolls around, they'll need to replace the entire car because the battery is worn out.
Thank you Mr. Navarro. Reading your article about this UAW agreement and implications, President Trump is a true competitor against those who would appreciate the US just rolling over and taking it.
Let’s see what happens Trump2024 👏👍🏼🙏🇺🇸
Nice overview. Loan rates will go up or down for all automakers. You right fully state that tarriffs under Trump would affect Tesla/chinese imports which would also raise significant and much need federal tax revenues and redistribute some of the national wealth from the feckless elites driving Teslas after decades of benefiting from corrupt fed policy. FYI I listen on the warroom.
Read one article on Medium.com that said Labor is only about 4.8% of a cars price. Don't think that's so, but what do I know. I'm looking forward to the demise of the crazy alternate energy sources and the crazies promoting CO2 climate change.
The people who paid the UniParty faction, ie. Bidenistas, have captured the hearts and minds of the profit takers. But, there may be some other individual Type As resistant to a police-state.
First off the US should stop govt subsidies on EV and forget about making the EV madatory at anytime in the future. At some point technology will work out any kinks and the US can develop the materials required to produce a safe and efficient EV right here in the USA. Then and ONLY then will the US be competitive with any other nation manufacturing EV. Should EVs from other countries or the US continue having safety issues with fires resulting in excessive insurance premiums and high costs of battery replacement; the US consumer will abandon EV.
In the meantime I will stick with my 3 gas powered vehicles (car, pickup truck and RV) and avoid all EV mandates.
Epoch Times: "Assuming that the EV is driven for 10 years at 120,000 miles, this would make the “true cost of fueling” equivalent to an EV owner paying $17.33 per gallon of gasoline" -- presently, BUT when there's no gas or electricity the cost will be $∞. 06NOV23, Google's “100% Electric Bus” took on San Francisco’s iconic hilly terrain, only to lose power midway up, roll backward, and turn into a four-wheeled pinball, colliding with reportedly a total of nine vehicles on its unintended descent. GP - https://www.thegatewaypundit.com/2023/11/report-googles-green-dream-goes-downhill-100-electric/
Where's the Emergency Brake? A. No need on an experimental vehicle.
Lastly, I can't wait to LOL at the EV (environmentally friendly) tanks. Fools!
I used to be very anti-union. My stance has softened over the year. I'm still fiercely philosophically against public sector unions. But private sector workers do often need protection from corporations. However, as Dr. Navarro noted, this is not a free market economy in the global market. The double whammy of Chinese subsidies, plus US EV mandates, means unions might be cutting off their nose to spite their faces. As Dr. Navarro rightly prescribes, only Trump's return, and a return to actual free market economics, will fix this mess.
Biden's EV mandate is useless. Only 4% of US consumers are stupid enough to get trapped in this moronic purchase. As time passes and people find out how useless and costly these vehicles are then that 4% number will readily decrease. The market place always wins in the end---mandates or not.
Most parts are made in China. If the battery dies it costs as much as the car to replace it. No brainer. No electric cars in mass. If some want it, so be it ,but not the majority.