GM Announces New $6 Billion Stock Buyback

The automaker's board approves the plan as it concludes a $10 billion repurchase, continuing its strategy to return capital to shareholders.

GM's new buyback authorization follows the completion of a $10 billion repurchase program.
The company aims to repurchase $1.4 billion in shares in the first half of 2024.
GM's share price rose 1.1% on the news, reaching its highest level in over two years.
The buybacks are part of GM's focus on profitability and efficient capital deployment.
Total returns to shareholders, including dividends, have reached $16.1 billion since 2022.