GM does $10 billion share buyback, dividend hike

Seemingly quite satisfied and flush with cash after the UAW and Unifor agreements, General Motors has announced a $10 billion accelerated share repurchase and its intention to increase its common stock divided by a third.

2022 Chevrolet Silverado

Ford executives were particularly outspoken about the agreement, claiming it would bankrupt the company, but Stellantis also issued statements indicating great hardship. Almost immediately after the strike ended and the agreements were ratified, both companies announced stock buybacks. Ford has not done so but has also left is generous dividend unchanged.

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