Volkswagen hits the breaks on battery unit IPO

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Go back to Volkswagen hits the breaks on battery unit IPO

GM surges as CEO promises greater shareholder returns

January 30, 2024 11:56 AM EST

Shares 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