I’d say it’s a longer-term play than 4 quarters. This is GM saying “investing another 2 billion in R&D towards the autonomous, electrified future of 2025+ is a better use of our capital than dropping a billion each on a new Cobalt and new Malibu which will never return a profit.” They’ve finally gotten over the idea…

Projected resale value is a huge factor in the eventual lease price. I’m sure ALG is fully aware that potential used car buyers three years from now are likely to be scared shitless of the reliability of a 3 year old Alfa lease return (whether or not deservedly so is immaterial; perception is what matters), and have…