GM sees $9.3 billion hit from labor deals, outlines $10 billion stock buyback

www.reuters.com

GM sees $9.3 billion hit from labor deals, outlines $10 billion stock buyback

www.reuters.com

SeaJ@lemm.ee to

News@lemmy.world · 2 years ago

General Motors said on Wednesday its new labor deals after a lengthy U.S. strike will cost it $9.3 billion even as it outlined $10 billion in share buybacks, a 33% dividend increase and "substantially lower" spending at its robotaxi unit Cruise.

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jonne
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2 years ago
Looks like the UAW left 10 billion on the table. Hopefully they won’t make that mistake next time.

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