this post was submitted on 17 Oct 2023
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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
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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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[–] CmdrShepard@lemmy.one 7 points 1 year ago

Why produce more if you can stagnate production and just charge more per unit? It's not like you can go buy an electric truck from anyone else so your demand isn't going to decrease much. This is how OPEC operates when setting fuel prices.