General Motors (GM) option IV after Tesla (TSLA) results
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GM surges as CEO promises greater shareholder returns
January 30, 2024 11:56 AM ESTShares of General Motors (NYSE: GM) jumped nearly 9% in early trading Tuesday after management revealed an upbeat outlook for 2024 and signaled that more capital will be returned to shareholders.
GM CEO Marry Barra highlighted strategies aimed at giving back cash to shareholders, such as a $12 billion allocation in 2023 through a $10 billion share buyback and a 33% dividend... More
GM dealers pressure automaker to introduce more hybrid options
January 29, 2024 12:19 PM ESTIn an exclusive story by The Wall Street Journal Monday, a General Motors (NYSE: GM) advisory committee, made up of influential auto dealers, is pressuring the Detroit automaker to introduce additional hybrid models.
The Dealers worry that without more hybrid options they risk losing customers looking for a slower transition to fully electric vehicles.
According to unnamed sources, the committee has held several meetings where the dealers urged General Motors to add hybrids to its lineup. In recent years, GM has directed its attention toward fully electric vehicles,... More
