General Motors Company authorized a $20 billion multiyear share repurchase program and lifted its 2026 cash flow forecast, pairing a new shareholder return plan with higher third-quarter EBIT-adjusted.
GM now expects adjusted automotive free cash flow of $11.5 billion to $12.5 billion for 2026, compared with its earlier forecast of $9.5 billion to $11.5 billion. It also narrowed its full-year EBIT-adjusted forecast to $14.5 billion to $15.5 billion from $14 billion to $16 billion.
GM disclosed the authorization in an Oct. 20 filing with the SEC but gave it no expiration date. It can stop repurchases at any point; $20 billion is the maximum approved, not an amount already spent.
GM said it had completed the $6 billion share repurchase program announced in January. The company had 849 million shares outstanding on Sept. 30, compared with 904 million at the end of 2025.
In its third-quarter results, GM reported revenue of $50.0 billion, up 2.9% from a year earlier. Net income attributable to stockholders was $3.3 billion for the three months ended Sept. 30. Quarterly EBIT-adjusted rose to $4.1 billion from $3.4 billion a year earlier.
GM scheduled the $0.18-per-share quarterly dividend for Dec. 17, with eligibility based on holdings at the close of trading Dec. 4.
