GM had $6 billion to spend on next-gen EVs, chose stock buybacks | opinion
Baua Electric
JUNE 14, 2024
Despite numerous delays and mounting competition from Ford, Stellantis, and the Chinese, the GM board decided to take $6 billion and pump its share price instead of investing in the company’s future. And that’s saying nothing of the Chinese. And Stellantis isn’t even a strong example! Cheaper product.
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