Transportation
GM Boosts Investor Payout With New Buybacks, Dividend Hike
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General Motors Co. plans to step up its program of buybacks by repurchasing $6 billion in shares and raising its dividend, rewarding investors by pushing more cash off its balance sheet.
The move, which the Detroit-based carmaker announced Wednesday, comes as the auto industry faces uncertainty about the impact of policy changes under President Donald Trump, including threatened tariffs and pledges to roll back support for electric vehicles.