Technology

59373 readers

3169 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS

242

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

54 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.

you are viewing a single comment's thread
view the rest of the comments

[–] Cornpop@lemmy.world 16 points 1 year ago (2 children)

Ford never took a bailout

[–] AnarchoDakosaurus@toast.ooo 56 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.

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 (4 children)

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

[–] TheRealKuni@lemmy.world 6 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.

[–] 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 1 points 1 year ago

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

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

[–] surewhynotlem@lemmy.world 0 points 1 year ago

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

[–] Kedly@lemm.ee -1 points 1 year ago (1 children)

15 downvotes is downvoted to oblivion?

[–] AA5B@lemmy.world 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!

[–] 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

[–] Nollij@sopuli.xyz 16 points 1 year ago

Ford never took that bailout