RE:MD@A
This is good for the market that they are acknowledging the problem as it shows they are trying to address it. I think blowing through any remaining cash to ramp up production would have been an absolutely reckless play here as it would reduce any financial capacity they had while chewing up inventory that could have been sold, albeit at historically low levels. Contrary to some posters here, I think AXL is doing the right thing and need to hope American exceptionalism continues to de-stabilize the world's oil producers so the price pops off these levels.