Gm board approves new $6 billion share repurchase authorization

Detroit , june 11, 2024 /prnewswire/ -- general motors co. (nyse: gm) announced today that its board of directors has approved a new share repurchase authorization to repurchase up to $6 billion of the company's outstanding common stock. "the investments gm made in its brands and product portfolio over the last several years, and the company's operating discipline, are delivering consistently strong revenue growth, margins and free cash flow," said paul jacobson, gm executive vice president and chief financial officer.
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