Former CEO of transloc is suing the company and Ford. Employees were paying baby sitters on their company payroll. Lots of fraud. Time to investigate TransLoc and Ford?
https://www.reuters.com/legal/transactional/delaware-judge-trims-founders-suit-over-ford-journey-merger-payments-2021-08-27/
Not sure what all you people are smoking, but I've seen enough presentations from leadership that connected vehicle data is going to save the company and make us a booming profit center.
The entire Smart Mobility group is going nowhere fast. The potential acquisition/incubator projects they are working on sound ridiculously not profitable nor wanted by potential vehicle customers. Nobody wants us selling their data. The people I know in that group are just coasting along with no real work or deliverables, but they sure know how to waste a billion dollars every year so the numbers aren’t broken out on the financials anymore. We are swirling the drain.
Who is surprised by this?
“ Ford fired the plaintiffs in June 2020, just one month before they were set to earn the right to receive certain payments, according to Thursday's opinion.”
Transloc seems to be going nowhere. Look at their website, nothing new, but dozens of jobs listed. Few customers, no news releases about anything they’ve done lately. Another drag on the financial bottom line, along with the rest of Smart Mobility wasting over a Billion dollars every year.