GM did not give a time frame for the latest buyback but said the move will allow it to ‘opportunistically repurchase shares’ after the completion of the existing plan
on Tuesday announced a new $6-billion share buyback plan, more than a month after posting upbeat first-quarter results and raising its annual forecast, citing stable prices and demand for gasoline-engine vehicles.
“We are very focused on the profitability of our business, we’re growing and improving the profitability of our EV business,” CFO Paul Jacobson said, adding that the company will continue to return capital to shareholders. GM shares were under pressure for most of 2023 as it dealt with the UAW strike and troubles at its Cruise self-driving vehicle unit.
Profitability Company Dividend Business Share Buyback Forecast UAW Mary Barra United Auto Workers
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