The Cruise debacle is interesting to say the least. I’m wondering how this’ll affect Honda’s investment in Cruise and the robotaxi planned to launch in Japan.
The Cruise debacle is interesting to say the least. I’m wondering how this’ll affect Honda’s investment in Cruise and the robotaxi planned to launch in Japan.
The headline is incredibly misleading - they are cutting nearly a billion dollars out of their already existing stock buyback plan.
Net income and stock buybacks aren’t the same thing. They’re revising their earnings forecast for 2023
Net income is not the same thing as a stock buyback.
Net income attributable to stockholders is not the same as net income either.
Regardless, GM has already done $4.2 billion dollars in buybacks since 2022 so it’s not that far from the normal flow of business for them.
Don’t know how to read ?
lol