GM Authorizes $6 Billion Buyback as It Books Better EV Profits.

General Motors (GM) has authorized a $6 billion share buyback plan and increased its dividend, citing improved profitability in its electric vehicle (EV) operations. The company plans to opportunistically repurchase its stock under the new program, following a $10 billion accelerated share repurchase completed last November. GM expects to use the remaining $1.1 billion from the prior authorization by the end of this quarter. The company also raised its quarterly dividend by 33% to 12 cents per share. GM's shares rose slightly on the announcement. [Extracted from the article]

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