LimitedReach@alien.topB to Cars@gearhead.townEnglish · 11 months ago

GM sees $9.4 billion hit from labor deals, outlines $10 billion stock buybacks, cuts Cruise spending

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GM sees $9.4 billion hit from labor deals, outlines $10 billion stock buybacks, cuts Cruise spending

LimitedReach@alien.topB to Cars@gearhead.townEnglish · 11 months ago

https://www.reuters.com/business/autos-transportation/gm-buy-back-10-billion-shares-cut-cruise-spending-2023-11-29/

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.

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yobo9193@alien.topB
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11 months ago
Net income and stock buybacks aren’t the same thing. They’re revising their earnings forecast for 2023

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