Honda Profits Worse than Ford?

Am I reading this correctly?

Ford 1st Quarter, -1.4B USD; Honda 1st Quarter, -2.91B USD?

I mean, that’s only one quarter, and not the big picture, but still…I think pretty significant.

Yes, it sucks for Honda as it was slightly unexpected to be that bad. For Ford, it was actually less than was anticipated so that’s a mark in the plus column for them.

No one should be surprised that the auto industry is losing money. It’s just a matter of how much they lose.