![General Motors (GM) Faces $9.3 Billion Impact from Labor Deals, Unveils $10 Billion Stock Buyback General Motors](https://markettechguru.com/wp-content/uploads/2023/11/assembly-line-production-new-car-automated-welding-car-body-production-line-robotic-arm-car-production-line-is-working-scaled.jpg)
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…