The season of financial results is on this February and most of the world's major automakers are indicating, one after the other, that 2019, as we reckon the years to come,
will disappoint shareholders.
Only a handful of automakers, such as
FCA or
GM, have succeeded in improving their results over the year 2018.
FCA nevertheless expects a less promising 2019 financial year. GM has already undertaken a plan to maintain its profit rate in the United States in November, cutting 11,000 jobs. Most of the car manufacturers, like Daimler or Ford, have already seen their results drop in 2018.
Ford hopes to do better in 2019 thanks to a fairly drastic restructuring plan for all its activities.
Daimler announced this week that achieving a margin target in the 8 to 10% bracket could not be expected until 2021.
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