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via finance.yahoo.comBusiness & Companies

GM: CFO explains the $20 billion share repurchase plan

FROM THE WIRE · FINANCE.YAHOO.COM

General Motors (GM) CFO Paul Jacobsen speaks with Yahoo Finance Senior Autos Reporter Pras Subramanian to discuss the US automaker's decision to authorize a $20 billion stock buyback plan. Video Transcript 00:00 Speaker A The other big headline here, Paul, is that $20 billion…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishA $20 billion buyback is material for a major automaker and its shares.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01GM authorized a $20 billion share buyback plan.
  2. 02CFO Paul Jacobsen explained the capital allocation strategy.
  3. 03GM plans to invest 10 to 12 billion dollars in its future portfolio and technology.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
General Motors CompanyGMStock77.41 USD-1.73%today -6.45%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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