Wonder if the UAW was involved in this?
Fine example of how government central planning causes economic dysfunction.
SOMEBODY got rich thanks to my “contributions” AGAIN!
I’d sure like to find and support people who can claw back our “investment” from all these grifters.
Millions...?
Snort. That’s peanuts. From a day ago...
That’s $9.2 BILLION.
Unfortunately PDJT was a big fan of Lordstown Motors/electric trucks:
https://twitter.com/WhiteHouse45/status/1310625085997359104
https://twitter.com/TeamTrump/status/1310618782415622147
(He needs to get off the “food as fuel”/ethanol bandwagon too)
Just like Solindra under Obama. Hmmmmmmmm…………..
What’s the old adage?
If the government was in charge of sand, it would be rationed in the Sahara.
It wasn’t us taxpayers who shelled out the money to finance this latest globalist night dream.
It was the politicians and bureaucrats of the Idiocracy who shelled out the tax money.
That tax money was extorted from us under threats of punishment up to and including long prison sentences.
Did f j brandon say this deal was a big fing deal too ‘ mmm
Brian Sullivan
@SullyCNBC
Ford laying off ‘at least’ 1,000 salaried and contract workers.
It will lose $3 billion making EVs this year.
Ford is now likely losing more than $30,000 on every electric it sells.
Last week the federal government (i.e. you) loaned Ford and a South Korean company $9.2 billion to build battery factories in the south, on top of federal tax credits to entice buyers.
The next few years should be interesting for Detroit (and taxpayers)
Let’s see if its .. sustainable.
https://reuters.com/business/autos-transportation/ford-cut-jobs-us-canada-2023-06-27/
6:59 PM · Jun 27, 2023
Speaking of Solyndra... whatever happened to the financial records that the FBI scooped up the next day after they filed bankruptcy?
More EVs and an electrical grid that is already at or near capacity. No way we can generate enough electricity to power a country where 50% of new cars sold are EVs by 2030. Insane zealots.
What, again??
Just as the government has made not working a vocation for individuals, it has bankruptcy a lucrative pursuit for corporations. For example, Solyndra that received $535 million from the Obama administration then turned around and declared bankruptcy, and even then continued to loot the company by obtaining bonuses for the corporate officers from the bankruptcy court. Then the feds went in and seized the company records to see that there was no wrongdoing and, finding no malfeasance, destroyed them. It’s just happenstance that the owners of the operation were huge bundlers that bankrolled the Obama campaign.
One can be certain that, if it were not for the federal government’s (aka: insane left-wing ‘climate change’ democrats) mandates and arm-twisting, that there would be no auto-maker manufacturing EVs. Perhaps Tesla would be the only one, but with sales way below what they are now.
I love how the Government has conditioned a mindless drone society to believe that tax breaks = receiving millions in tax payer funds. To the Government, all of YOUR money is their money and tax breaks are “subsidies” on your own money that Government grants you to have.
The management of the Ohio Tax Credit Authority and other government officials responsible for this waste of taxpayer funds need to be brought to justice through trials and convictions.
Ain’t Communism wonderful.
Hmmm...EV manufacturers keep asking for bailouts & then fail & of course Biden is just smart enough not to see through it, so then the taxpayers are on the hook. Sooner the country is rid of that monkey & his bunch, the better off the nation will be. We shouldn’t have to deal with him even in the time he’s got left. It’s a wonder we still have a nation(if we do, really).
No one shelled out anything, the government stole the money at the end of a gun and gave the money away to its peeps.