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DAILY: GM's near-term challenges | October sales preview | FCA North America margin tops 10% | Honda surges | VW profit falls | Faraday Future co-founder departs | Blog: GM's CAFE plan is no big leap
GM's third-quarter earnings report, set for release Wednesday, could shed more light on operational challenges and how the company plans to navigate them.
U.S. light-vehicle sales are expected to dip to the lowest level for October since 2014, forecasters say, as automakers dial back on deals and the cost to buy a new car or truck keeps rising. The SAAR is expected to remain strong and top 17 million.
Fiat Chrysler outearned Ford in the third quarter and fulfilled a prediction made two years ago by then-CEO Sergio Marchionne by posting a record double-digit profit margin in North America.
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