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Or they're unprofitable and highly competitive. Ford: It recorded a loss of $1.2 billion in EBIT in the third quarter on its EVs, bringing its losses on the se
by bko 7mo ago
Or they're unprofitable and highly competitive.
Ford: It recorded a loss of $1.2 billion in EBIT in the third quarter on its EVs, bringing its losses on the segment for the first three quarters of 2024 to $3.7 billion
Honda: Honda to Write Off $15.7 Billion as EV Winter Arrives.
https://www.reuters.com/business/autos-transportation/ford-reports-fall-third-quarter-profit-2024-10-28/ https://www.reuters.com/business/autos-transportation/ford-r...
https://www.barrons.com/articles/gm-stock-general-motors-investor-day-a1fc5217 https://www.barrons.com/articles/gm-stock-general-motors-inv...
https://www.barrons.com/articles/honda-to-write-off-15-7-billion-ev-winter-arrives-aa95d112 https://www.barrons.com/articles/honda-to-write-off-15-7-bil...
- manoDev 7mo agoThat projection won't last in a world where Brent Oil @ $100. That was only true while the petrodollars kept flowing.
- grumbelbart2 7mo agoIt's also not representative for the whole industry. BMW is profitable with their electric cars, and 18% of their sales are fully electric.