June 11 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

Source Reuters