GM narrows 2026 profit forecast, boosts buyback to $20 billion

Briefing by News4U · First published 2026-10-20 12:45:25 UTC

General Motors narrowed its full-year profit forecast amid softening sales and announced a $20 billion stock buyback.

Bloomberg reported that General Motors narrowed its full-year profit forecast amid softening sales, while also announcing it will buy back another $20 billion in stock. [1]

Sources

1. GM Narrows 2026 Profit Forecast, Boosts Share Buyback

   Bloomberg · 2026-10-20 12:30:13 UTC · Summary only

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