GM Throws A Bone To Shareholders
Just weeks after securing a deal with the United Auto Workers (UAW) union that brought its employees back to work, General Motors is making a big move to appease investors.
The automaker announced today that it’s initiating a $10 billion buyback, increasing its dividend by 33%, and reinstating its full-year guidance. That’s despite a roughly $1.1 billion in EBITDA-related impact from the six weeks of labor strikes. 💰