General Motors Co. on Wednesday said the UAW's six-week strike cost the automaker about $1.1 billion. It also reinstated its guidance for 2023, saying it now expects to earn nearly $10 billion, and said it would buy back $10 billion in shares from stockholders.

General Motors says pretax earnings took a $1.1 billion hit this year from a six-week strike by autoworkers, but the company expects to absorb the costs of a new contract and is even raising its dividend.

General Motors says pretax earnings took a $1.1 billion hit this year from a six-week strike by autoworkers, but the company expects to absorb the costs of a new contract and is even raising its divid