Once again, Ford employees paid the price!

I guess we now know why we had to terminate Ford employees. Sacrificed!

"Argo AI recently laid off 150 workers, and now, the company is shutting down altogether, according to TechCrunch.

The company will reportedly be absorbed into both Ford and Volkswagen, though it’s currently unclear how its technology will be divided up between the two. The roughly 2,000 Argo AI employees were reportedly given this news today via a company-wide meeting, at which point they were told that both Ford and VW would be offering positions to select workers. A generous severance package will reportedly be given to all employees consisting of insurance and a pair of bonuses, while those that aren’t retained will receive additional termination and severance pay.

Argo AI was founded back in 2016, and the very next year, Ford announced that it would be investing $1 billion in the company over the course of five years. The company has since raised a total of $2.6 billion from Ford, VW, and various other investors."

Comment! It's anonymous!

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Jac bought junkyards and tried to corner the Precious metals market, I forg who bought a few British car companies, another renamed an iconic car the 500. A train station and Rivian. The list goes on.

We showed the Bronco concept in 2004 and it took us 16 years to bring it to market while our management was playing tiddlywinks.

It’s amazing how fast an iconic company can go out of business.

Argo AI Ponzi scheme.
What a joke.

This is the doom and gloom in a nutshell folks. You should have focused on fundamentals and affordable ice products ( LIKE TOYOTA) hey you bench mark them but cherry pick you arrogant fools.

the data we are seeing indicates retail sales are increasingly being funded by soaring credit card debt. This is a sign that consumers are struggling to maintain their standard of living. This is the reality we must face. When people retire poor society becomes their backstop and will find it has to carry them on its back. The national debt of the United States just passed 31 trillion dollars. The growing burden of providing for those in poverty bodes poorly for the national deficit going forward.

This sh.t show isn't over with yet. I will be popping a lot of popcorn.
Yea and IAN probably hit FM because Old Henry had his vaca estate there.
The roosters are coming home to roost (woke).

Thread regarding Ford layoffs

Once again, Ford employees paid the price!

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