Ford lays off 700 who were building electric version of F-150 | CNN Business
cnn.com
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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Wow. I mean, correct me if I'm wrong, but I feel like Ford's future is going to be a struggle.
You can't simultaneously be late to a growing market, back out of a growing market, and refuse to invest in a growing market and hope to succeed...can you?
Well you can if you trust the government to bail you out .
Ford never took a bailout
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.
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.
I don't really know what's going on so I'm just gonna downvote everyone just in case.
I've found the same, but that it really depends on the topic.
There were more than ten words. I didn't read it either.
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 one link before assuming they had a full understanding of the facts.
15 downvotes is downvoted to oblivion?
Right there is the difference between Lemmy and Reddit!
Lemmy: 15 downvotes to oblivion
Reddit: Hold my beer!
Yeah, I guess there is a pretty significant population difference between the two. Sorry, I'm a new convert from Reddit xD
Ford never took that bailout
They completely killed making any cars smaller then Trucks or SUV's in North America and I really hope it comes back to fuck them.
I'm not crying that they won't make Ford Focuses anymore or whatever, but pretty much only people left to buy affordable, small cars from anymore is the Japanese and Koreans.
Good riddance to Ford. They long outlived their usefulness.
A big reason for that was that American car makers never figured out how to make decent small cars and were getting murdered by their Japanese and Korean competition.
No its because they have less safety and ecological regulations on trucks, as SUVs use truck platforms they no longer have to abide by the same set of regulations and production becomes cheaper. It's always been motivated by profit....
You should blame the EPA for that as well. Their policies incentivize the making of large ass trucks. So the US car manufacturers push them and abandon small cars.
Trucks had regulations for a purpose as they were deemed a utility vehicle for doing a certain set of jobs. Capitalism seeking profit noticed if they can have consumers like SUVs they can use the same regulations as trucks to save cost and increase profit. This is not an uncommon tactic in Capitalism and we have no laws saying it's illegal, you would need congress to give the EPA the ability to go after car companies skirting regulations by manipulating public perceptions to favor suvs and considering how in bed congress is with these big companies that's never gonna happen in the current political landscape we have, not to mention how do you prove that in court. The problem is we as a people have stopped getting involved and slowly watched as are rights writhered away all because we got seduced by convience.
All the domestic manufacturers had to cut their losses on
Ford? More like the whole Western auto industry.
They do pretty gangbusters in the pickup market. They also have a hybrid power-train available. If you look at the current year list of Q1 sales they're top of the heap.
Honestly if you want to use the vehicle for hauling it doesn't make a whole lot of sense. The only reason Teslas and other cars do so well it by being a slippery and efficient as possible so they can get 100+MPGe. It doesn't work so well with a trailer on, or the shape required to carry things in the back.