29
Nov
18:42
General Motors reinstates 2023 guidance, initiates $10 billion buyback
General Motors has reinstated its full-year 2023 earnings guidance after withdrawing it in the third quarter.
The automaker raised its full-year guidance twice in 2023 but withdrew it in October, citing uncertainty from the six-week-long United Auto Workers strike. According to GM’s Wednesday announcement, the reinstated guidance includes an Ebit-adjusted strike impact of $1.1 billion.
Alongside its revised guidance, GM announced that it will initiate a $10…
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