Automakers Sound the Alarm on EV Market and Strike Deals with UAW

Automakers Ford, GM, and Tesla are issuing warnings about the electric vehicle (EV) market, citing concerns about supply chain disruptions and the impact of rising raw material costs. Ford's CEO, Jim Farley, stated that the company is facing significant challenges due to the global chip shortage and rising commodity prices, which could affect their ability to meet demand for EVs. GM's CEO, Mary Barra, expressed similar concerns, highlighting the need for a stable supply chain to support the transition to electric vehicles. Tesla's CEO, Elon Musk, also warned about the supply chain issues and the potential impact on the company's production. These warnings reflect the growing challenges faced by automakers as they navigate the transition to electric vehicles.