GM to Repurchase Shares Worth $6 Billion, Capitalizing on Strong Financial Performance from program to replace string in sentence Watch Video

⏲ Duration: 0:35
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✓ Published: 12-Jun-2024

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GM's board has approved a new $6 billion share buyback authorization to opportunistically repurchase shares after completing its existing $10 billion accelerated repurchase program by the end of June. GM's strong revenue growth, margins, and free cash flow in recent years have allowed it to deploy capital efficiently through share repurchases. GM's investments in its brands and vehicle portfolio over the last few years consistently deliver higher profits despite uncertainty in EV adoption and vehicle demand.