With negative net equity,, although seems well supported and they have addressed the going concern aspects in the accounts. The drop in new cars sales must be worrying, especially the European market, the other markets seem to hold up quite well by comparison.
Interesting they have taken an impairment charge on their 3 wheeler assets, with the US particularly California being a big market for their sales, I wonder going forward how the Plus Four US sales may impact the 3 wheeler sales. They need the volume growing or the profit per car increased to cover the costs of operation. With the Midsummer and Supersport sales going thru in 2025, how much does the picture change?
