GM's board just rubber-stamped an extra $6 billion to fuel more stock buybacks. It's the auto giant's latest largesse handed back to investors as demand stays red-hot for gas guzzlers.
With $1.4 billion still left from a previous $10 billion buyback bonanza, GM has already dropped $300 million on shares this year. Now there's more green in the pot for opportunistic repurchases down the line.
Who needs hybrids and EVs when trucks and SUVs are raking in the dough? GM's market value remains on a tear since unveiling plans to placate shareholders back in November.
So crank up those combustion engines - for shareholders at least, it seems the gravy train has no end in sight! Stay tuned for more cash giveaways or your take on whether GM's gas-fueled good times can last.
