Ford lays off 700 who were building electric version of F-150 | CNN Business

L4sBot@lemmy.worldmod to Technology@lemmy.world – 280 points – Ford lays off 700 who were building electric version of F-150 | CNN Business
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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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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.

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.

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.

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