First-quarter figures this year differed from expectations. You could say: They were abysmal. A net loss of USD 24.1 million attributable to common shareholders, meaning a loss of USD 0.13 instead of USD 0.07 per diluted share. Plug’s possibly very disadvantageous Walmart business (forklift retrofits financed through leasing) is still making an impact that shows on the balance sheet.
When the Mirai became available in late 2014, Toyota was convinced that the fuel cell would be the future of the automotive industry. Last year, however, the carmaker adjusted its strategy and explained that – previous statements notwithstanding – it would also start offering battery-driven vehicles. Did the then-number one carmaker get cold feet after previously announcing