General Motors said its agreements with striking UAW and Canadian Unifor unions would increase costs by $9.3 billion through 2028. The company also announced a $10 billion share repurchase.

These data were announced after the signing of a new contract with the UAW, ratified earlier in November by a majority of 54.7% of the vote. The contract includes a 25 percent wage increase and future job security for union workers as they transition into electric vehicle production. The additional costs are about $575 per vehicle on top of the contract, which expires in 2028.

On Wednesday, November 29, GM said the six-week UAW strike had impacted its business, with earnings before interest and taxes estimated at $1.1 billion.

“We are finalizing a 2024 budget that fully offsets the additional costs of our new labor agreements, and the long-term plan we are executing includes reducing the capital intensity of the business, developing products even more efficiently and further reducing our fixed and variable costs,” she said. CEO Mary Barra said in a statement. “With this clear path forward and our strong balance sheet, we will return significant capital to shareholders.”

The American automaker plans to immediately repurchase and retire $6.8 billion of its common stock as part of a $10 billion buyback program. The remainder of the buybacks will occur before 2024.

GM also announced a 33 percent increase in its common stock dividend, from 9 cents to 12 cents per quarter. The increase is expected to take effect in early 2024.

Realme has officially confirmed that the new Realme GT5 Pro smartphone will feature a BOE screen with a peak brightness of 4500 cd/m². At the same time, it will maintain brightness up to 1600 cd/m² normally. It was previously reported that the screen with a peak brightness of 4500 cd/m² will receive OnePlus 12.

The screen supports Rheinland Global Eye Protection 3.0 eye protection technology, PWM frequency 2160 Hz. Its resolution is 1.5K, refresh rate ranges from 1 to 144 Hz.

Realme GT5 Pro will be officially launched on December 7th. It is expected to be equipped with the latest Qualcomm Snapdragon 8 Gen 3 flagship platform chip and an independent display chip. In addition, the main camera of the phone will be equipped with a high-quality optical sensor from Sony. This is the first Android phone to support Dolby Vision HDR video shooting.

Moreover, this new phone will be equipped with a 5400 mAh battery with support for 100W fast wired charging and 50W fast wireless charging.

The smartphone is already available for pre-order on Tmall. The version with 12/256 GB of memory is priced at $495.

The classic 70 Series Toyota Land Cruiser has returned to Japan after a 9-year hiatus, and Toyota’s in-house tuning shop, Modelista, has offered a selection of optional accessories for personalization.

Modelista offers exterior modifications to the Land Cruiser 70 Series using components from Japanese tuning house Jaos, known for its SUV expertise. These improvements include upgrading the front bumper with vertical LED strips and adding additional skid plates. Buyers also have the option of installing aluminum skid plates on both sides, and the fog lamps will get a yellow tint.

The car features a new set of 18-inch aluminum wheels with a more sophisticated design and bronze finish. These wheels are paired with Yokohama Geolandar off-road tires. The Jaos roof rack and luggage compartment enhance the Land Cruiser’s cargo-carrying capabilities. A rubber trunk mat is included to help keep the interior clean during outdoor activities that may include hauling dirty equipment. Modelista adds a touch of retro flair to the Land Cruiser’s interior with woodgrain accents. Additionally, the tuner offers standard LED interior lighting, tinted glass, license plate bolts and more.

In addition, Land Cruiser 70 owners can also choose from a catalog of genuine Toyota accessories. Highlights include vintage red and yellow decals, a Land Cruiser silhouette spare tire cover and window visors.

The most expensive modification will be a new set of wheels, which sells for $3,000. A roof rack costs $1,500, while the bumper and skid plates cost $1,300. Decals cost $440 and woodgrain inserts cost $450. In Japan, the base model 2024 Toyota Land Cruiser 70 costs $32,500.