this post was submitted on 17 Oct 2023
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281
Ford lays off 700 who were building electric version of F-150 | CNN Business (www.cnn.com)
submitted 1 year 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] 19 points 1 year ago (2 children)

Ford never took a bailout

[–] [email protected] 60 points 1 year 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.

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 1 year 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 1 year 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 1 year ago

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

[–] [email protected] 4 points 1 year ago

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

[–] [email protected] 1 points 1 year ago

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

[–] [email protected] 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 one link before assuming they had a full understanding of the facts.

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

15 downvotes is downvoted to oblivion?

[–] [email protected] 1 points 1 year ago* (last edited 1 year 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 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

[–] [email protected] 17 points 1 year ago

Ford never took that bailout