Pros
Very stable, steady company, with an inexorable will to compete. Their stated goal is to be #1 or #2 in every market in which they compete, worldwide. They have a deep and wide knowledge base in engineering, manufacturing, and IT. They are currently implementing autonomous vehicles and a worldwide vehicular network. They give generous incentive bonuses, from 7% to 20% or more of your annual salary. They have a strong, published corporate values which require every employee to be more ethical than the law requires, avoiding even the appearance of impropriety. They enforce these values and annually encourage employees to report anyone who violates them. Employees are reprimanded and fired every year for violations. Annual turnover is very low, less than 5%.
Cons
The management decision process moves slowly, through 7 layers of management. The hiring process takes 1-3 months. It took 2 months for me in 1988 and 3 months for my daughter who was just hired as an electrical engineer in 2015. Their business is cyclical and during downturns, like the current one, both management and hourly workers can be laid off.