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

submitted 10 months ago by [email protected] to c/[email protected]

57 comments fedilink hide all child comments

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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[–] [email protected] 60 points 10 months ago (1 children)

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.

[–] [email protected] 17 points 10 months ago (4 children)

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

[–] [email protected] 8 points 10 months ago (2 children)

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.

[–] [email protected] 6 points 10 months ago

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

[–] Unforeseen 4 points 10 months ago

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

[–] [email protected] 1 points 10 months ago

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

[–] [email protected] 0 points 10 months ago* (last edited 10 months 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 one link before assuming they had a full understanding of the facts.

[–] [email protected] -1 points 10 months ago (1 children)

15 downvotes is downvoted to oblivion?

[–] [email protected] 1 points 10 months ago* (last edited 10 months ago) (1 children)

Right there is the difference between Lemmy and Reddit!

Lemmy: 15 downvotes to oblivion

Reddit: Hold my beer!

[–] [email protected] 2 points 10 months ago

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