(Reuters) -General Motors said on Tuesday it will buy back outstanding shares worth $6 billion as part of a new stock repurchase plan.
The board approval follows a $10 billion accelerated share repurchase announced by the automaker in November 2023. It had also raised its dividend by 33% to 12 cents per share in the first quarter.
The shares of the automaker was up 1% in premarket trading.
(Reporting by Ananta Agarwal in Bengaluru; Editing by Arun Koyyur)
