U.S. auto giant General Motors (NYSE: GM) recently made headlines with the announcement of a new $6 billion share buyback program. This move continues the company’s aggressive efforts to reduce its outstanding share count. But what’s the reasoning behind GM’s decision to allocate such a large sum toward repurchasing its own stock?
More importantly, does this latest buyback make GM a more investable stock? Let's break down the announcement and discuss what it all means for investors.
