Deutsche Bank trashed Ford and GM, causing their debt to tank. “Based on our outlook for worse than widely expected U.S. market share, severe profit deterioration from adverse mix, and limited near-term progress on fixed costs, we believe that the deterioration that we are likely to see in GM profitability and its balance sheet will be alarming to both equity and bond investors,” analyst Rod Lache told clients.

Ford is not far behind GM as regards its battle to maintain market share, its strong reliance on traditional SUVs and large pickup trucks “and the resulting headwinds that the company faces from a mix perspective,” said Lache.”

CBS Marketwatch

This is not bullish.