Why GM's Stock Jumped 11.8% Today
GM will buy back $10 billion of stock, including $6.8 billion by the end of the week. Full-year guidance was updated after the UAW strike and shows expectations for strong profitability and cash flow.
What's next for GM stock: Buybacks and a dividend increase
General Motors Company NYSE: GM stock is up more than 9% after the company announced plans to buy back $10 billion worth of shares (nearly 25% of the company's market cap). The automaker also annou...
GM's $10 Billion Apology
It has been a good year for the automaker financially, but a bad one strategically.
Midday Movers: GM Rises on $10B Buyback and NBA Team Buy Hurts Las Vegas Sands
U.S. equities added to yesterday's gains at midday after strong earnings reports and amid optimism the Federal Reserve wouldn't raise interest rates further to fight inflation. The Dow, S&P 500, an...
GM authorizes $10 billion share repurchase to benefit shareholders following strike
General Motors wants to give its shareholders a bigger return in 2024, announcing a $10 billion accelerated share repurchase program now that the labor strikes have settled.
GM CEO Mary Barra: 'I'm not happy with share price'
General Motors CEO Mary Barra (GM) sat down with Yahoo Finance Executive Editor Brian Sozzi to discuss a wide range of topics including the state of the company post-UAW strike and EV production an...
Q3 GDP Increased More Than Expected
Pre-market futures are revving higher this morning, following marginal gains across the board yesterday after starting the day in the red. We're closing out Q3 earnings season and paying attention ...
GM CEO Mary Barra on $10 billion stock buyback, Cruise challenges and China market
CNBC's Phil LeBeau and GM CEO Mary Barra join 'Squawk on the Street' to discuss the company's new 2023 guidance, challenges with Cruise, China market, slowing EV growth and spending plans, and more.
With auto strike over, GM announces big share buybacks
General Motors announced hefty new initiatives Wednesday to return billions of dollars to shareholders, lifting its stock price as it estimated the recent labor strike hit at $1.1 billion.
These 2 Auto Stocks Are Hitting the Gas in Wednesday's Rally
A broadening of the stock market rally beyond technology is good news for bullish investors. General Motors reinstated its earnings guidance for 2023 and announced massive stock buybacks along with...
G.M. to Cut Spending on Cruise Self-Driving Unit
General Motors will “substantially lower spending” on autonomous vehicle efforts in 2024 after accidents with its self-driving taxis in San Francisco.
GM says union labor deals will increase costs by $9.3 billion
The UAW's targeted strikes, which ended in late October, cost GM $1.1 billion in adjusted earnings before interest and tax, or EBIT, in 2023.
GM to Hike Dividend by 33%, Buy Back $10 Billion of Stock
General Motors Co. will boost its dividend by 33% and announced its biggest-ever buyback plan of $10 billion of shares Wednesday. David Welch reports on Bloomberg Television.
GM initiates $10 billion buyback, boosts dividend and reinstates 2023 guidance after UAW strikes
CNBC's Phil LeBeau joins 'Squawk Box' with the latest guidance from General Motors.
GM shares rally as it reinstates earnings guidance following auto strike; returns cash to shareholders
General Motors Company (NYSE:GM) shares climbed over 8% in Wednesday pre-market trading after the US carmaker reinstated its 2023 earnings guidance and announced a $10 billion accelerated share rep...
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