General Motors is set to report earnings before the bell. Here's what Wall Street expects

three North American full-size pickup truck assembly plants will be shut downThe company said it expected its first-half EBIT-adjusted to range from $8.5 billion to $9.5 billion due to continued strong demand, better-than-expected results at GM Financial and improved near-term production. That was up from a forecast earlier this year of $5.5 billion.

CFO Paul Jacobson told investors in June that the company would update its full-year earnings forecast when it released its second-quarter results. GM's earnings forecast for the year was initially $10 billion to $11 billion, or $4.50 to $5.25 per share in adjusted pretax profits, and adjusted automotive free cash flow of $1 billion to $2 billion. The forecasts factored in the potential impact of the chip shortage, including a hit of $1.5 billion to $2 billion to earnings and decrease of $1.5 billion to $2.5 billion to its free cash flow.

GM reported an adjusted pretax loss of $536 million in the second quarter of 2020 due to the coronavirus pandemic causing rolling shutdowns of its factories. The company's net income was a loss of $758 million during that quarter.

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