June 11 (Reuters) – General Motors (GM.N), opens new tab cut its annual EV production forecast and announced a new $6 billion share buyback plan on Tuesday, as the automaker banks on demand from its gasoline-powered models.
GM now projects the higher end of its 2024 EV production to be 250,000 units, down from a prior forecast of 300,000 units, the automaker’s CFO Paul Jacobson said while speaking at the Deutsche Bank Global Auto Industry Conference.
Source: REUTER