It’s never a good idea to draw conclusions from one company but General Motors revealed at a conference today that it plans to boost capital expenditures by 20% this year.
There was speculation the company could boost its dividend but instead looks to be reinvesting in the company. That’s the opposite playbook of most major US companies over the past five years.
You could argue it could be the start of something. But you could also argue that GM is a terribly run company.
