It's gonna be a wild ride.
Fiat Chrysler Automobiles (FCAU) slumped over 10% in morning trading after it cut its outlook.
General Motors Co. fell after it failed to bring in as much revenue as expected.
And Ford Motor Co. is fell around 3%. The company will be announcing earnings Wednesday after the bell.
Tronc Inc. (TRNC) is reportedly being pursued by a private equity firm which put in a bid of $19 to $20 a share, meaning that the total worth of the bid could top $1 billion.