Revenue ContractionA near-20% TTM revenue decline erodes scale, dealer economics and fixed-cost absorption. Sustained top-line weakness undermines pricing power and reduces resources for model refreshes and electrification, lengthening the timeline to restore profitability and market share.
Compressed Profitability And ReturnsMaterial margin compression and a collapse in ROE reduce internal funding for strategic investments and weaken shareholder returns. Persistently low profitability pressures dividends, R&D budgets and may force cost restructuring or product-mix shifts to regain sustainable returns.
Deteriorating Cash GenerationNegative operating cash flow and sharply negative free cash flow point to working-capital strain or elevated investments. Ongoing cash deficits can force additional borrowing or asset measures, constraining capex, EV investments and strategic flexibility over the next several quarters.