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I mean the business is suffering as all measures of profit and revenue have also dropped. They may have also increased capex, but doing that at the same time as
by mixdup 1y ago
I mean the business is suffering as all measures of profit and revenue have also dropped. They may have also increased capex, but doing that at the same time as income is cratering is not necessarily sound financial decision making. Especially when that capex is in "new" lines of business like AI that are unrelated to the manufacture of automobiles
- cyberge99 1y agoAnd they increased spending in R and D. Gotta still be able to buy fancy toys and gadgets to play with.