“Our current estimate is that we will retire approximately 25 million additional shares associated with the program in the fourth quarter, bringing the total number of shares retired as part of this program to nearly 250 million.”

In context

“example, in the third quarter, our U.S. incentives were approximately 2.4 percentage points lower than the industry average, a gap that has widened from last year's third quarter where we were 1 percentage point below the industry. This demonstrates the strength of our products and our disciplined go-to-market strategy. I also want to highlight our ongoing commitment to financial discipline and that we are on track to meet our $2 billion net fixed cost program by the end of this year. On capital allocation, we repurchased $1 billion worth of stock in the quarter, retiring another 23 million shares. We ended the quarter with a diluted share count of 1.12 billion, down 19% compared to the end of the third quarter last year. We anticipate that the ASR will be completed by the end of October. Our current estimate is that we will retire approximately 25 million additional shares associated with the program in the fourth quarter, bringing the total number of shares retired as part of this program to nearly 250 million. All told, when you compare our third quarter results to last year, you can see that the company continues to execute well. Revenue was up 10% to $49 billion, with year-over-year volume growth in both ICE and EVs. This is driven by having a great product portfolio and offering customers attractive choices in key segments. The higher wholesale volumes are also supported by three consecutive years of retail market share growth along with conquest rates at 60% or above for our EV sales. We achieved $4.1 billion in EBIT adjusted, 8.4% EBIT-adjusted margins and $2.96 a share in EPS diluted adjusted, up roughly 30% year-over-year. Some of the performance during the quarter was timing, including a pull forward of some full-size SUV production to support the ramp of the refresh model during the fo”