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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 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.