General Motors

General Motors (GM) Faces $9.3 Billion Impact from Labor Deals, Unveils $10 Billion Stock Buyback

Overview General Motors (GM), in the aftermath of an extended U.S. strike, revealed a substantial financial hit of $9.3 billion due to new labor agreements. Despite this setback, GM showcases resilience by announcing a robust strategic move—a $10 billion stock buyback. This initiative is accompanied by a notable 33% dividend increase and a commitment to…

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