dividend

On Monday, GM announced a number of new measures to protect its finances. First off, the company's quarterly dividend and stock buyback is scrapped, helping keep the company's cash where it wants it, and a three-year, $3.6 billion revolving credit agreement is now extended until April 2022...

The automotive world is headed into a tumultuous period, so GM is preparing itself by trying to have as much cash on hand as possible. "We are aggressively pursuing austerity measures to preserve cash and are taking necessary steps in this changing and uncertain environment to manage our...