When it comes to rivalries, few can match the history and fierceness between Ford Motor Company (NYSE: F) and General Motors (NYSE: GM). You could compare it to some of the greatest rivalries in sports, such as the Yankees vs. Red Sox, the Lakers vs. Celtics, or even other business rivalries, such as Coca-Cola vs. PepsiCo.

While Ford and GM are fierce rivals, they often make many similar strategic moves. However, in this case, it's about time Ford does something its crosstown rival has been doing: share buybacks.

General Motors wasn't shy about its strategy to return value to shareholders through share buybacks. It's a simple strategy where the company purchases its own shares from the market and cancels them to reduce the number of shares in circulation, thereby increasing the value of the remaining shares. For shareholders, this means higher earnings per share and a higher return on future dividends.

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Source Fool.com