I'd rather see GM plow that money back into operations right now.I don't fault GM for not doing it but... I wish they would. I get it, the Ford Family wants their easy money. Can't blame them for that.
Good for Ford - impressive metrics over last year. Though I do find GM's additional billion in profit over Ford ($1.7B in Q2 profits, $4.6B YTD) to be be better vs. Fords $.7B Q2 profit ($2.4B loss YTD). Though Ford did have a $2.4B hit in Q2 to adjust for their Rivian stock losses, so pretty good results without that.
I'm sure the IC division of Ford, which probably contributed much of these profits, are cheering the results: Ford CEO Farley Says Automaker ‘Absolutely Has Too Many People’ (msn.com)