GM Reports Strong Net Income, Up 33.5 Percent to $2.6 Billion

GM agreed to sell its Opel/Vauxhall subsidiary and GM Financial’s European operations to PSA Group to support the company’s focus on higher-return opportunities. Once closed, the transaction will immediately improve GM’s EBIT- adjusted and adjusted automotive free cash flow. It also will allow the company to lower its cash balance by $2 billion, which it plans to use to accelerate share buybacks, subject to market conditions. In connection with the transaction, GM will take a primarily non-cash special charge of approximately $4.5 billion.

New York Operation Safe Stop Targets Illegal Bus Passers

Operation Safe Stop was celebrated throughout the state of New York with associations like the New York Association for Pupil Transportation and the New York School Bus Contractors Association participating in events raising awareness of illegal school bus passing.

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