GM suspends dividend, share buybacks as coronavirus hits sales [Yahoo! Finance News]
General Motors Company (GM)
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Source: Yahoo! Finance News
The GM logo is seen at the General Motors plant in Sao Jose dos Campos) - General Motors Co said on Monday the automaker has suspended its quarterly cash dividend on its common stock and its share buybacks to save cash in the face of the coronavirus crisis that has severely hurt global automobile sales.Shares of GM were 1.4% lower at $21.65 before the bell."We continue to enhance our liquidity to help navigate the uncertainties in the global market created by this pandemic," said GM Chief Financial Officer Dhivya Suryadevara.GM, which has been forced to shut some production in North America along with other car makers, had earlier said it has postponed work on at least half a dozen future models to conserve cash during the pandemic.GM as well as rivals Ford Motor Co and Toyota Motor Corp have taken steps to reopen North American vehicle manufacturing operations in early May, but the move has met with opposition from the companies' labor union that say it is "too soon and too risky"
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GM
Earnings
- 10/21/25 - Beat
GM
Sec Filings
- 11/12/25 - Form 144
- 11/10/25 - Form SCHEDULE
- 10/30/25 - Form 4
- GM's page on the SEC website