The Latest Breaking News from GM

Dow Jones futures were lower before Tuesday's open after the Nasdaq hit a new 2022 low. Q3 earnings season will kick off this week.

Crosstown rivals General Motors Co. and Ford Motor Co. reported mixed results in China in the third quarter as the world's largest car market continued its recovery from COVID-related disruptions earlier this year.

UBS analysts are turning less positive on the legacy automakers as demand destruction appears likely to pressure earnings in 2023.

The Dow Jones Industrial Average reversed lower Monday ahead of earnings season. Tesla stock reported record China deliveries in September.

UBS analyst Patrick Hummel cut his rating on both Ford and GM to 'sell', citing weaker near-term demand amid a looming U.S. recession.

Stock futures edge lower as October rally faces inflation test; Week Ahead: earnings, inflation and Fed minutes in focus; Tesla sees record September china sales after Shanghai re-boot; Ford, GM shares slump after UBS downgrade and Twitter shares move closer to Musk takeover price of $54.20.

“If you had said to me then, in 2001, that 20 years hence Leigh would host a UEFA Championship and a world cup, then even I would’ve struggled to believe that was possible"

An appeal could still reverse the decision.

The billionaire is a regular critic of the Democratic president but he just congratulated him on a decision.