We are pleased to see results improve, but our enthusiasm is tempered by several factors.

The duration of this gas spike matters.

Today's moves set the stage for a more significant discussion with the UAW regarding cost savings but have very minimal near-term cash flow impact.

An argument could be made for outright elimination of the dividend, though we view that as unlikely.

Cost-reduction targets sound good on paper but achieving many of them will require UAW cooperation.

It is as if GM and Ford both walked outside on a rainy day, Ford somehow came back with a suntan, while GM walked back inside soaked.