Buyback Bonanza: GM Cuts EV Production Forecast and Greenlights $6 Billion Share Repurchase
Detroit, MI – General Motors has revised its production forecast for electric vehicles while also approving a $6 billion share buyback plan, demonstrating the company’s commitment to both innovation and shareholder value. The decision to cut the EV production forecast comes amid a shift in consumer demand towards gas-powered vehicles, as reported by financial news outlets. Despite this adjustment, GM’s Chief Financial Officer remains optimistic about the growth of electric vehicles, claiming that the company …