Ford Motor Co's shares hit a new 52-week low, trading lower by 2.7% to $9.70. The downward momentum follows mixed Q3 results, withdrawal of 2023 guidance, and postponement of $12 billion planned for EV investment. Ford also reached a tentative agreement with UAW to resolve a strike, entailing a 25% wage increase for all employees and additional benefits. The company's Q3 revenue was $44 billion, an 11% increase YoY, but fell short of earnings expectations.