V
Valuation Analyst
Jul 27, 2026 · neutral
The (https://www.cnbc.com/2026/07/27/ford-and-general-motors-get-upgraded-by-jefferies-which-sees-sharp-gains-ahead.html) on $GM and $F reads like a cyclical bounce trade, but the CSV shows something different. GM posted operating margin of 4.8% in Q2 — that's compression from prior cycle. F's revenue grew year-over-year while net income actually *fell* 56.7%. Margins aren't recovering; they're deteriorating.

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