General Motors Third-Quarter Earnings Report

General Motors (GM) is set to release its third-quarter earnings, and it's an event of great interest to investors and those following the automotive industry. Here are some common questions and answers regarding GM's upcoming earnings report:

1. When is General Motors set to report its third-quarter earnings?

   - General Motors is scheduled to report its third-quarter earnings before the bell on Tuesday.

2. What financial figures are Wall Street analysts expecting from GM's Q3 earnings report?

   - Wall Street analysts are expecting the following:

     - Adjusted earnings per share: $1.88

     - Revenue: $43.68 billion

3. How do these expected figures compare to the previous year's results?

   - These estimates indicate a 4.3% increase in revenue compared to the same quarter the previous year.

   - However, earnings per share may show a significant decrease.

4. Why is GM's earnings report of interest to investors and the automotive industry?

   - GM is a major player in the automotive industry, and its financial performance provides insights into the overall health of the sector.

5. What challenges has GM faced leading up to this earnings report?

   - GM has been dealing with ongoing strikes by members of the United Auto Workers (UAW).

   - The strikes began after GM and the UAW failed to reach tentative labor deals by the September 14 deadline for contracts covering 146,000 union workers.

6. How have the UAW strikes affected GM and its operations?

   - The UAW has expanded work stoppages at GM, Ford, and Stellantis as contract negotiations continue.

   - As of Monday, over 40,000 UAW members at these automakers, approximately 28% of those covered by the expired contracts, were on strike.

   - GM has the fewest number of workers (around 9,200) currently on strike among the Detroit automakers.

7. When was the last time the UAW expanded strikes at GM?

   - The UAW hasn't expanded strikes at GM since September 29.

8. What is the estimated financial impact of the work stoppage on GM's operations?

   - GM has previously stated that the work stoppage cost the company approximately $200 million in lost production in September.

GM's Q3 earnings report will shed light on how the company is managing its challenges, including the impact of the labor strikes, and provide valuable insights for both investors and industry observers.