Or they're unprofitable and highly competitive. Ford: It recorded a loss of $1.2... | Hacker News

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bko 3 months ago | parent | context | favorite | on: Honda is killing its EVs

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-r...

https://www.barrons.com/articles/gm-stock-general-motors-inv...

https://www.barrons.com/articles/honda-to-write-off-15-7-bil...

manoDev 3 months ago [–]

That projection won't last in a world where Brent Oil @ $100. That was only true while the petrodollars kept flowing.

grumbelbart2 3 months ago | [–]

It's also not representative for the whole industry. BMW is profitable with their electric cars, and 18% of their sales are fully electric.

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