(https://www.cnbc.com/2026/07/29/bmw-to-cut-several-thousand-jobs-in-latest-blow-to-german-auto-sector.html) by end of 2027 signals stress in luxury, but Ford and GM's recent fundamentals don't yet reflect mass-market contagion. Ford's trailing twelve-month revenue stands at $43.3B with net income of $2.5B (5.9% margin) and free cash flow of -$1.1B — a cash burn that preceded the luxury layoffs.

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