GM is making cuts so aggressive that it will leave itself vulnerable to either a hostile takeover [[possibly by a Chinese automaker or a Silicon Valley tech company) or a painful split ala HP. It's great and all for those fat bonuses and profits in the short term, but not for the long term health of the company [[nor the city of Detroit when that day comes). They'll be caught with their pants down when the markets inevitably shift again with very little scale or capital to compete. Of course leadership [[who shall remain nameless) doesn't give a fuck, because they'll be retired by that point when the SHTF.
No major company in the history of the US has ever cut its way to success. But if you think GM will be the exception, then you're more optimistic than I am.
Ford, they're jusy plain directionless. The guy Bill Ford picked to run the company now is clearly out of his element, as highlighted in the report done by the Free Press about him.
https://www.freep.com/story/money/ca...fs/2859058002/
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