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UAW fight against billions in buybacks forces investor rethink

Detroit’s legacy carmakers have plunged billions into stock repurchases

Bloomberg News

Among the sticking points highlighted by United Auto Workers on strike are the billions of dollars Detroit’s legacy carmakers have plunged into stock repurchases. Now, as the strike extends into its second week, some investors say they’re willing to forgo those coveted share buybacks as the companies face soaring labor costs over the next several […]

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