Car making has always been one of the biggest cash-eating industries globally and margins have typically been slim, even in the good times.
The shift to electric cars is a big fat tick in the ‘bad times’ column, as least as far as global firms' accounts departments go. Profits are being munched as cheap combustion engines are sidelined for expensive batteries.
Get the full story
Sign up for free and enjoy access to our in-depth features, expert opinions and Autocar Business stories.
Already registered? Log in
