Ineos to cut several hundred jobs to focus on the customer

Article from Automotive news.

 

[Zenadier]

I'll believe it after Ineos technical staff start churning through all the questions found in the -

INEOS Automotive AMA (ask me anything) forum.

 

[LRNAD90]

Sure..

Would you be interested in purchasing a bridge by chance?

 

[CRH]

It seems to be UK head office jobs but still opening another in New Jersey, plus still ramping up production. It's more an Ineos as a whole rather than the vehicle, bit of a scare mongering headline always gets clicks

 

[lightning]

l don't think there's any chance of lneos Automotive shutting down or stopping production. lt will take time for the Grenadier to start making a profit, years probably. Until then it will be propped up by the rest of the corporation.

 

[DaveB]

Anyone who expected a new car manufacturer to make a profit in first 10 years is crazy.
Not to mention they have borrowed the money from other parts of Ineos so repayments and interest are just going round in circles.
As to manufacturing in the US I doubt anything will happen until there is a change in leadership.
It is just too erratic to make huge financial commitments

 

[bakepl]

In the meantime... hope Ineos follows up on sorting out a bi-directional diagnostic tool and perhaps pdf version of a workshop manual.. sooner rather than later...

 

[RB60]

Tesla took 10 years to make a profit and lost over $6B USD.

 

[JHIG1]

Tesla took 10 years to make a profit and lost over $6B USD.

Exactly, zero probability they didn’t/don’t have projected losses prior to starting this business….and they are front loaded….but apparently being optimistic, hopeful for success isn’t as fun as routing for doom and gloom.