You know it's bad when the company has to cut costs by discontinuing projects they've already started. This means their forecasts were wrong and sales/profits are significantly below estimates, despite the usual propaganda all companies put out about "booming sales and profits!"
All a lie...
https://www.reuters.com/article/us-autos-gm/gm-halts-two-renovation-projects-as-it-looks-to-cut-costs-idUSKCN1N666O