I am an automotive components supplier and I’ve always wondered how automotive giants are staying open or even turning any profit at all (1)
Between this, Nissan and a dozen others, I guess there’s a lot of running-on-debt going on.
1: it’s so difficult with the latest round of laws making a very high level of ADAS mandatory. Huge spend in R+D, particularly software and vertical integration, and then again huge spend on the physical car electronics.
deepsun · 13m ago
New cars prices doubled in the last 20 years. If anything, I would expect them to make record profits actually.
thrwaway55 · 3m ago
This is honestly tighter then you might think accounting for inflation. A 2000 1$ is 1.87$ today. 2005 seems like they should be doing a lot better since it's 1.65$ but it's not nearly as gangbusters as this comes across.
Between this, Nissan and a dozen others, I guess there’s a lot of running-on-debt going on.
1: it’s so difficult with the latest round of laws making a very high level of ADAS mandatory. Huge spend in R+D, particularly software and vertical integration, and then again huge spend on the physical car electronics.