Thread regarding Ford layoffs

Say GOODBYE to another failed investment

At $23 a share, this will leave a $300 million mark on the financials:

Feb 15 (Reuters) - Ford Motor Co F.N has dissolved its stake in Velodyne Lidar Inc VLDR.O, a maker of sensors used in self-driving cars, according to a regulatory filing on Monday.

As of Sept. 30, Ford had a passive stake of 7.6% or 13.07 million shares in Velodyne.

Velodyne is one of several companies vying to supply automakers with lidar, a sensor that generates a three-dimensional map of the road ahead

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Post ID: @OP+19qgpKd2

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Agreed. Very handsome return. Can’t make money selling trucks and SUV’s. Have to do something to shore up financials for stockholders. Keep moving the cheese instead of moving vehicles.

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Post ID: @1wdt+19qgpKd2

They turned a $75 million investment in 2016 into $250 million approx at the end of 2020. Thats a pretty nice profit.

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Post ID: @tgc+19qgpKd2

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