(excerpt)
General Motors Co. approaches its quarterly earnings day ready to renew the promise of reshaping itself into a leaner, nimbler 100-year-old car maker.
Wall Street may need some convincing beyond GM’s reporting fourth-quarter profit and sales at least in line with expectations. ...
… For one, GM may soon find itself in even hotter water with Washington: Workforce cuts are expected to start to roll on Monday, said David Kudla, chief investment strategist with Mainstay Capital Management in Michigan.
As the company unfurls more of its cost-cutting plans, expect “more political and public backlash,” Kudla said in a recent note.
The macro picture is also not that favorable, with U.S. new-car sales slowing and concerns that GM profits may have peaked. …
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