General Motors $6 Billion Stock Buyback in 2025 Boosts Shares to 2-Year High
In 2025, General Motors launches a $6 billion stock repurchase plan following a $10 billion buyback in 2023, signaling strong confidence and driving shares to their highest level in over two years.
Bill McColl brings over 25 years of expertise as a senior producer and writer across TV, radio, and digital platforms, leading teams in delivering impactful news coverage on major current events.
Key Highlights
- GM announced a new $6 billion stock buyback, its second major repurchase in seven months.
- This latest plan will begin once the current buyback funds are depleted, expected by the end of April 2024.
- For the first half of 2024, GM aims to repurchase $1.4 billion of its shares.
Shares of General Motors surged on Tuesday after the automaker revealed its latest stock buyback initiative, reinforcing its strong market position.
The company’s board approved up to $6 billion in new share repurchases, which will commence after the existing program concludes later this month.
Back in November 2023, GM accelerated a $10 billion stock buyback, supplementing the $1.4 billion remaining from the prior program. Over 2023, GM repurchased $11.1 billion of its stock, and so far in 2024, it has invested $300 million in buybacks.
No specific end date has been set for the new buyback plan.
GM's Strategic Focus on Profitability and Shareholder Returns
Chief Financial Officer Paul Jacobson emphasized GM’s commitment to enhancing profitability of its internal combustion engine (ICE) vehicles, alongside efforts to improve margins in its electric vehicle (EV) segment. By optimizing capital deployment, GM aims to maintain steady cash returns to shareholders.
The announcement propelled GM shares up 1.1% to $48.09 shortly after market open, marking the stock’s highest value since early 2022.
Discover engaging topics and analytical content in Markets News as of 16-06-2024. The article titled " General Motors $6 Billion Stock Buyback in 2025 Boosts Shares to 2-Year High " provides new insights and practical guidance in the Markets News field. Each topic is meticulously analyzed to deliver actionable information to readers.
The topic " General Motors $6 Billion Stock Buyback in 2025 Boosts Shares to 2-Year High " helps you make smarter decisions within the Markets News category. All topics on our website are unique and offer valuable content for our audience.