Chicago Tribune
5 months agoAutoworker strike cost General Motors $1.1 billion
General Motors experienced a $1.1 billion hit in pretax earnings due to a strike by autoworkers.
GM plans to buy back $10 billion worth of stock and increase its dividend by one-third in January.
The company expects to generate more cash for the full year by cutting capital spending and slowing down spending on electric vehicles and its autonomous vehicle unit. [ more ]