GM is down 6% premarket despite a $20B buyback and an earnings beat. Auto free cash flow jumped 40% to $5.9B and EPS of $3.70 topped $3.56 consensus, but higher financing costs are squeezing lower-pri

What happened: General Motors shares fell more than 6% in premarket trading Tuesday despite a new $20 billion share repurchase program and quarterly earnings above Wall Street expectations. Key numbers: Q3 revenue about $50 billion; adjusted operating profit $4.1 billion; adjusted EPS $3.70 versus $3.56 consensus; automotive free cash flow up 40% to $5.9 Why it matters: The drop came as GM faces a weakening U.S. auto market, with higher financing costs and household budget pressure making lower-priced vehicles harder to sell, while demand for expensive trucks and SUVs has held up better. Coverage: 4 outlets in 24h

GM shares fell 6% despite a $20 billion buyback and earnings beat.

GM shares fell 6% despite a $20 billion buyback and earnings beat. — impact context not separately stored; see What changed.