philh wrote:
Reisender wrote:
Your info is out of date. They made money 3rd quarter. They showed a profit on every car. Margins were within industry standards. Fourth quarter financials not out yet.
They pulled every accounting trick known to Enron to show a 3rd qtr profit... and a minimal one at that.
They have since lowered their guidance on 4th qtr, and I'm expecting a minor loss. Their '18 losses are substantial. Lifetime losses, even with all their govt grants is substantial.
It's a dead company walking.
Could be but we’ll hope for the best, and that 40,000 people will keep their job.