So much for all the naive talk that $General Motors (GM.US)$...

So much for all the naive talk that $General Motors(GM.US)$ was on the ropes.
GM (+9% pre-mkt) announced an accelerated share buyback plan for $10B (25% of market cap) and raised its quarterly stock dividend by 33%.
GM raised its guidance for adj 2023 automotive FCF to $10.5B-$11.5B from $7.0-$9.0B. It lowered its 2023 guidance for adj EPS to $7.20-$7.70 from $7.15-$8.15 to reflect the impact of of the UAW strike.