Electric Vehicle Shift
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General Motors takes $7.2 billion charge on EV shift as it boosts dividend and sets new buyback
MarketWatch· 2026-01-27 13:39
Core Insights - General Motors reported a $7.2 billion charge due to declining customer interest in electric vehicles [1] - The company has increased its dividend and announced a new stock buyback program [1] Financial Adjustments - The $7.2 billion charge reflects the company's strategic adjustments in response to market trends [1] - The decision to boost dividends indicates a commitment to returning value to shareholders despite the challenges in the electric vehicle segment [1] - The new stock buyback program suggests confidence in the company's long-term prospects and aims to enhance shareholder value [1]