GM and Toyota are shaping up to be the biggest losers in the EV transition
https://techcrunch.com/2023/12/03/ev-transition-losers/
GM may have mortgaged its future last week.
On Wednesday, the automaker announced that it would boost its dividend and buy back $10 billion worth of its shares, effectively erasing this year’s net income and then some. The move pleased shareholders, with GM’s stock trading about 10% higher than before the financial engineering moves were announced.
