GM Announces Stock $10 Billion Stock Buyback - They Want To Go Bankrupt
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General Motors is cooked.
I stated this for a long time. The company has pulled back its EV plans, citing the economic uncertainty. That could contain some plausibility. However, why do you follow that up with a $10 billion stock buyback?
In this video I discuss how GM is on the express lane for bankruptcy. If we get any kind of global recession, the company will be in the same position ias 2008. WIll the Government bail them out again?
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