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11.06.2024 13:31:54 - dpa-AFX: General Motors To Repurchase $6 Bln Of Shares
WASHINGTON (dpa-AFX) - General Motors Co. (GM) announced on Tuesday that its
Board has approved a new share repurchase authorization to buy back up to $6
billion of its shares.
Paul Jacobson, CFO of GM, said: 'We are very focused on the profitability of our
ICE business, we're growing and improving the profitability of our EV business
and deploying our capital efficiently. This allows us to continue returning cash
to shareholders.'
The new authorization will allow the company to opportunistically repurchase
shares after the completion of the existing reauthorization.
Copyright(c) 2024 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
Board has approved a new share repurchase authorization to buy back up to $6
billion of its shares.
Paul Jacobson, CFO of GM, said: 'We are very focused on the profitability of our
ICE business, we're growing and improving the profitability of our EV business
and deploying our capital efficiently. This allows us to continue returning cash
to shareholders.'
The new authorization will allow the company to opportunistically repurchase
shares after the completion of the existing reauthorization.
Copyright(c) 2024 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
| Name | WKN | Börse | Kurs | Datum/Zeit | Diff. | Diff. % | Geld | Brief | Erster | Schluss | |
|---|---|---|---|---|---|---|---|---|---|---|---|
 |
General Motors Company | A1C9CM | NYSE | 47,720 | 21.06.24 03:16:20 | -0,050 | -0,10% | 47,610 | 47,720 | 47,780 | 47,720 |
