Expectations were that supply chain problems were easing.
Goldman Sachs analyst Mark Delaney said his firm was "surprised by the 3Q pre-announcement given the progress that Ford had previously made on supply chain bottlenecks.".GM CEO Mary Barra on Tuesday told CNBC that the company's supply chain problems have been easing.Barra said GM is on track to complete about 95,000 vehicles in its inventory by the end of this year that were manufactured without certain components due to supply chain problems.In July, GM warned investors that supply chain issues would materially affect its second-quarter earnings, while similarly maintaining its guidance for 2022.