RE: 500k late sell...26 May 2026 20:56
I think Ragnorlothbrok (have I spelt that right?) is sensible to be wary of the debt position even though they are in a decent place currently with forward orders.
I wrote a piece on Paul Scott’s substack and he did some excellent further digging into the accounts which is added to the article. We are both holders. This is subscriber only but a 7 day free trial is available: https://substack.com/@paulypilot/note/p-199176737?
In addition I sent an email to CT Automotive's investor relations department asking whether Simon Phillips, the Founder and CEO, would like to respond to the article.
Simon caught me on the hop by calling me and we had an excellent discussion. Simon had just returned to Phuket after spending four months in Mexico overseeing the ramp-up of their new production wins.
This might interest you guys..
He is now spending four weeks working intensively with CT Automotive's AI development team — who are staying with him in Phuket — as they push forward on the Cortex project. He thought the article was a good representation of the company.
The Cortex project is CT Automotive's in-house AI system. It was originally built to improve the company's own operations, but as it developed the team realised there was a significant external commercial opportunity.
The automotive industry has approximately 12,700 tier 1, 2 and 3 facilities globally — a substantial addressable market for the type of product Cortex represents, which Simon believes is fast becoming a must-have for the modern auto industry.
Cortex is still in its early stages of development. It is being built on Anthropic's latest LLM models for reasoning, combined with cloud databases and Qdrant vector databases to enable intelligent learning and retrieval across CT Automotive's operational data.
Cortex consists of three models. Model 1 is a Factory Intelligent System that manages engineering documentation and the Quality Management System in an intelligent, connected way — with an MVP targeted for Q1 next year. As an example of what it can do, at their Mexico facility it connected shop floor managers via real-time data on scrap rates and labour utilisation, lifting productivity from 78% to 85% — a highly impressive improvement in a modern automotive components factory. Model 2 will further enhance prototype production monitoring. Model 3 will deploy an agentic AI approach to oversee supply chain modelling and management.
Simon is clear that replicating Cortex would not be easily achieved by an external software house — deep domain knowledge and real-world data testing within live manufacturing environments are key factors in the speed and quality of its development.
Simon also noted that Cortex was touched on in CT Automotive's most recent Investor Meet Company presentation, where he outlined the significant operational benefits it is already delivering to the business today. He says investors can draw their own conclusions from the scale of the add
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