A girl’s parents don’t want her to marry a young man they think is poor, so his millionaire father pretends to be broke and teaches them a lesson.
When Sam Sutton invented a highly sought-after engine sealant, his wealth grew quickly, but his happiness was cut short when his wife Rain fell ill and passed away. Raising his son Will alone, Sam showered him with everything money could buy. However, Will soon realized that people were drawn to him only for his father’s money.
Determined to find genuine friends, Will devised a plan to appear poor while at Yale. It worked, and he met Eddy, a girl who loved him for who he was. When Will proposed, Eddy’s wealthy parents were horrified by his apparent poverty and treated him and Sam poorly.
At Christmas, Sam played along, dressing in shabby clothes and taking the bus to visit Eddy’s family. After they flaunted their wealth by gifting Will a Porsche, Sam handed Eddy the deed to a brownstone in Tribeca. Shocked, her parents realized Sam was actually a millionaire.
In the end, they accepted Will and treated Sam with newfound respect. Will and Eddy married, and Sam stayed close to his family.
The story teaches that money can’t buy love or health, and judging people by appearances can lead to embarrassment.
Automaker Suffers Major Losses of Billions Due to Electric Vehicle Investments in 2023.
As the push for electric vehicles persists despite public reluctance, the once-promising solution for environmental concerns is revealing significant drawbacks. Issues like inadequate charging infrastructure, limited range, battery problems, high repair costs, and supply chain disruptions have plagued the industry.
Despite these challenges, proponents like Joe Biden continue to advocate for electric vehicles. However, the lack of consumer interest has led to substantial financial losses for manufacturers. Ford Motor Company, for instance, reported a staggering $4.7 billion loss in 2023 from its electric vehicle product line, exceeding earlier projections.
The company attributed the losses primarily to intense competition driving down prices. With Ford selling around 72,608 electric vehicles in the year, the losses translate to roughly $65,000 per vehicle sold, an unsustainable business model. Moreover, Ford anticipates further losses, projecting up to $5.5 billion for 2024, particularly concerning in an election year.
Despite Chief Financial Officer John Lawler’s optimistic remarks about future profitability and customer adoption, the reality suggests otherwise. Ford’s flagship electric vehicle, the F-150 Lightning pickup, saw diminished demand, leading to production cuts. This setback is notable, especially as Biden’s administration aimed for 50% of new vehicle sales to be electric by 2030.
Watch Biden test drive the Ford Lightning pickup here:
General Motors has also dialed back production and tempered expectations, posting a $1.7 billion loss on electric vehicles in just the fourth quarter of 2023. Ford went on to state: “We said yesterday that we will launch our second-generation EVs when they can be profitable and deliver the kind of returns we want, and we will build a stand-alone profitable EV business. Meantime, we’re improving the contribution margin of our first-generation EVs.”
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