Balance Sheet And Buyback SupportSubstantial cash cushion and an active share buyback program provide downside protection and support valuation during the growth transition.
Margin Recovery PotentialMargin decline appears temporary and largely one-off, creating scope for sequential gross margin improvement and restored operating leverage.
Model Cycle RampNew model cycle ramp is expected to increase volumes, improve product mix, and raise per-vehicle profitability toward mid-cycle levels.