General Motors Co. is scheduled to report third-quarter results before the bell Wednesday.
The auto maker's adjusted profits are expected to shrink quarter-on-quarter, as GM has struggled with falling sales, rising raw-material costs, the impact of trade wars and tariffs, and the U.S. dollar's strength hitting its international business.
Adding to the pressure, rivals Ford Motor Co. and Tesla Inc. reported standout third-quarter results this week that sent shares of both companies rallying.
Despite its "healthy" balance sheet, General Motors will look to counter those headwinds, and that could mean workforce and product line cuts, said David Kudla, chief executive of Mainstay Capital Management.
"Nothing is off the table," he said. GM is leading the industry in articulating and executing a vision for the future of mobility, but its share price has languished, he added.
"In light of flattening to declining sales, GM will need to convince investors its full in-house intregration approach to flexible mobility - make the car, write the code, and sell the rides - has high growh opportunity," Kudla said.