The Cruise debacle is interesting to say the least. I’m wondering how this’ll affect Honda’s investment in Cruise and the robotaxi planned to launch in Japan.
The Cruise debacle is interesting to say the least. I’m wondering how this’ll affect Honda’s investment in Cruise and the robotaxi planned to launch in Japan.
Interesting that UAW strikes were gonna drive prices to the moon, but barely 2 months later GM is announcing a stock buyback AND increasing their dividend.
They are not announcing a stock buyback. They are announcing changes to their existing buyback plan. Including the increased dividend, their new guidance is estimating $1 billion dollars less going to shareholders. So it’s actually a pretty big cut.
so a company complaining to high heaven about their workers wanting too much when they just want to feed their families why are they doing a stock buyback or dividend at all. They should be using that money to pay their workers a livable wage and right the ship and that is actually in the best interest of the stockholders.
They probably have a lot of loans underwritten by stock, so they need their stock price to stay at certain numbers or else their credit rating gets worse and they have to pay more to service their debt.
Unless you are a car company that takes pre-orders, people only pay for cars after they are made. So you either need to hoard cash or take on debt in order to maintain consistent cash flow.
Issuing and buying back shares is a pretty common way to handle cash flow and is really a separate issue to living wages and employee compensation.
You’re thinking like a regular person. Think like a capitalist that makes their money off exploitation and you’ll get there.
Where in the article does it say they are revising their buyback plan? Because this article (and others) clearly state that the buyback announcement is new
So their previous guidance (how much they predicted for a year) was replaced with new guidance.
The article actually never says the $10 billion is new. It just heavily implies it.
If you check out the link in this article to the UAW agreement, you’ll see this:
I’m guessing GM is pretty similar to this, so yeah, not exactly crippling to them. It will be interesting to see their annual report after all this.
Completely different. And I know it’s a crazy concept, but the entire purpose of a publicly held company is to make money for their shareholders.
Guys I’m starting to think that maybe these companies are lying to us and are using us against each other.