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Ford lays off 700 who were building electric version of F-150 | CNN Business (www.cnn.com)

submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

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Ford lays off 700 who were building electric version of F-150 | CNN Business::Ford is laying off about 700 workers who build the F-150 Lightning, the electric version of its best-selling pickup truck, and unlike other recent layoffs this one has nothing to do with the ongoing strike by the United Auto Workers union.

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[-] great_meh@discuss.tchncs.de 80 points 1 year ago

Well you can if you trust the government to bail you out .

[-] Cornpop@lemmy.world 19 points 1 year ago

Ford never took a bailout

[-] AnarchoDakosaurus@toast.ooo 60 points 1 year ago

A Ford TV ad slams competitors for accepting bailout funds, even though the company’s CEO lobbied for the bill. The company — the only one of the Big Three not to receive a bailout — feared a collapse of GM and Chrysler at the time would have hurt suppliers and, in turn, Ford itself. Ford Chief Executive Officer Alan R. Mulally also asked Congress for a “credit line” of up to $9 billion in case the economy worsened. In other words, Ford was for government bailouts before it was against them.

https://www.factcheck.org/2011/09/ford-motor-co-does-u-turn-on-bailouts/

And ford took more money from Biden's green energy plan. Ford is definitely guilty as fuck as slurping up government surplus and firing workers the second they stop making them a profit.

[-] stealthnerd@lemmy.world 17 points 1 year ago

I love how the OP said Ford never took a bailout, you reply confirming that, and OP gets downvoted into oblivion.

[-] TheRealKuni@lemmy.world 7 points 1 year ago

I love how the OP said Ford never took a bailout, you reply confirming that, and OP gets downvoted into oblivion.

Welcome to Lemmy. I swear this place is worse than Reddit at reading comprehension and mob-mentality downvoting.

[-] bitwaba@lemmy.world 6 points 1 year ago

I don't really know what's going on so I'm just gonna downvote everyone just in case.

[-] Unforeseen@sh.itjust.works 4 points 1 year ago

I've found the same, but that it really depends on the topic.

[-] surewhynotlem@lemmy.world 1 points 1 year ago

There were more than ten words. I didn't read it either.

[-] CmdrShepard@lemmy.one 0 points 1 year ago* (last edited 1 year ago)

They didn't confirm that Ford didn't receive a bailout just that Ford didn't participate in TARP. Ford took a $7B government loan in 2009 and didn't even finish repaying it until last year. GM took their $8B bailout in 2009 and repaid it all in 2010.

https://www.freep.com/story/money/cars/ford/2020/07/29/ford-government-loan-department-energy-debt/5526413002/

I love all the high-horse "downvoting, mob-mentality, poor reading comprehension" comments in this thread when none of these people bothered to do more than read a single comment and click on one link before assuming they had a full understanding of the facts.

[-] Kedly@lemm.ee -1 points 1 year ago

15 downvotes is downvoted to oblivion?

[-] AA5B@lemmy.world 1 points 1 year ago* (last edited 1 year ago)

Right there is the difference between Lemmy and Reddit!

Lemmy: 15 downvotes to oblivion

Reddit: Hold my beer!

[-] Kedly@lemm.ee 2 points 1 year ago

Yeah, I guess there is a pretty significant population difference between the two. Sorry, I'm a new convert from Reddit xD

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this post was submitted on 17 Oct 2023

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