The Financial Post reports in its Wednesday, Oct. 21, edition that General Motors narrowed its full-year profit forecast and said it will buy back another $20-billion in stock (all figures U.S.). A Bloomberg dispatch to the Post reports that GM on Tuesday raised the low end and cut the high end of its previous 2026 profit outlook. It now sees 2026 adjusted earnings before interest and taxes in a range of $14.5-billion to $15.5-billion, compared with the $14 billion to $16-billion range it projected in July. GM's board approved the new round of buybacks, which will be funded on an ongoing basis over a multiyear period of time. It's the first share repurchase announcement since a $6-billion plan disclosed in January and adds to the $29.5-billion already spent by the company buying back its shares since 2023. Instead of chasing untested technologies or investing aggressively in overseas markets, GM is focused on growth in areas such as making parts for Lockheed Martin's missiles and software-based systems such as its Onstar Telematics unit and Super Cruise hands-free driving. GM made $4.1-billion in earnings before interest and taxes in the third quarter, slightly above a consensus estimate of $4.02-billion.