GM Boosts Investor Confidence with $10 Billion Stock Buyback and Dividend Hike
General Motors plans to implement a $10 billion stock buyback program in an effort to reassure investors about the company's core car-making business. The move comes after setbacks in areas such as electric and driverless vehicles. Additionally, GM aims to offset higher labor expenses resulting from its new contract with the United Auto Workers and unionized employees in Canada, which are expected to add $9.3 billion in costs over four years.