GM To Avoid Fight With Shareholder

GM To Avoid Fight With Shareholder

General Motors announced a $5 billion stock buyback on Monday. The buyback is a move to end a battle with the companies shareholders. General Motors stock is slowly rebounding from the recall crisis in 2014.

“The company said that it plans to make sure it always has $20 billion in cash to weather any future downturns in the auto business and added that it did not think any of the credit rating agencies would change their outlook for GM”s debt.”

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