GM Announces $6 Billion Share Buyback and Boosts Dividends Amid EV Strategy Shift

General Motors (GM) has unveiled a new $6 billion share buyback program, signaling a robust commitment to returning capital to its shareholders. In addition to the buyback, the automotive giant has increased its regular dividend payments, reflecting strong management confidence in its financial health and cash flow generation. The company is currently recalibrating its electric vehicle (EV) strategy and partnerships following Honda's exit from their joint collaboration. GM aims to balance the steady revenue generated from traditional internal combustion engines with its long-term growth ambitions in the EV sector. Management is also actively addressing supply chain risks and evolving market dynamics in China to maintain its competitive edge. These strategic financial moves are expected to support the stock price as the company navigates a complex transition in the global auto industry.