Overview

• 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.