Automotive DemandST saw further deterioration in automotive demand driven by inventory controls and mix shift at OEMs, while inventory correction in industrial is ongoing.
EarningsMultiple GM headwinds into 2025 add to the EPS cut.
Pricing And UtilizationUnder-utilization charges, initially supposed to be a two-quarter phenomenon, are expected to linger throughout 2025, with pricing likely an incremental headwind.