[Brief] GM's Third-Quarter Profit Jumps Sharply Alongside $20 Billion Buyback
General Motors reported third-quarter net income more than doubling year on year, driven primarily by truck operations and software services even as overall sales edged lower. The company announced a $20 billion share buyback while narrowing full-year guidance and raising its adjusted automotive free-cash-flow outlook. GM shares fell roughly 6% in their worst session in more than a year, with Ford also lower.