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However, General Motors' aggressive investment plans are also why management is urging investors to be cautious about near-term earnings and cash-flow estimates.
Most notably, the company wants to bring new electric vehicles to market faster than it had previously envisioned. For example, GM has announced multibillion-dollar investments this year to transition a pair of manufacturing plants to EV production, and it sounds like that could be just the beginning.
Fortunately, the continuing strength of GM's core business will allow the automaker to invest heavily in long-term growth initiatives while still generating plenty of free cash flow.
That means GM can adapt to the changing auto market, set itself up for future growth, and also continue rewarding shareholders in the near term. That combination is extremely attractive for investors.
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Retired: What Now? Personal Finance. Indiana decided just last year, however, the U. Supreme Court made a couple of key points.
Second, the protection is against all governments in this country, including federal, state, and municipal governments. Timbs was convicted in Indiana of one felony count of dealing drugs.
The U. Supreme Court ruled that the Constitution protects us from being fined excessively by the government. After going back through history to the Magna Carta reviewing the prohibition on excessive fines there, the court concluded that the 14th Amendment made deeply rooted historical protections applicable to the states, and that the protection against excessive fines qualified.
Here in Hawaii, the most draconian provisions in our tax law, which we have written about before , were enacted in , when our state revenues were still hurting in the aftermath of the Great Recession of At the time, it was tough to argue against these provisions — after all, they were meant to punish scofflaws and other undesirables, so that law-abiding folks like us would not have to pick up their slack.
But in practice, situations come up that make one wonder about whether the penalty is just too much. Suppose, for example, we have a wholesaling company for which the tax rate is prescribed at 0.
The purpose of the statute was to drop the hammer on businesses that tried to fly under the radar by not filing returns at all.
But, fortunately for all of us, now there is. Not only is there the Timbs decision, but cases are popping up all over that are applying it.
The moral of the story is that if a taxpayer is facing a situation with excessive or ruinous penalties, there may be a way to push back.
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