) has recently authorized a $6 billion share repurchase program, driven by the company's robust revenue growth and strong profit margins. At the Deutsche Bank Global Auto Industry Conference, Yahoo Finance's Autos reporterJacobson proudly notes that GM has experienced remarkable growth within the EV sector, stating that the company's progress is"outpacing everybody.
So we've completed that private prior buyback authorization that we have done and pleased to announce that the board has just authorized another $6 billion in share repurchases that will commence beginning in the second half of 2024.Uh So, you know, a lot of big news from a capital sort of return point point of view.But some of the business too, what sort of evolution they're going on right now as we as 2024 kind of the halfway point here.
So we think that this can be a really good tool to help some of those skeptics bridge into evs for the long term. So we've always taken a very sort of um stable view uh in terms of what we're trying to do with incentives with inventory levels.