New York (AFP) – General Motors lifted its 2016 profit forecast Thursday following strong second-quarter earnings that included its first quarterly operating profit in Europe in five years.
The biggest US automaker now expects 2016 earnings of $5.50 to $6.00 a share, up from the prior range of $5.25 to $5.75 a share. Earnings in 2015 were $5.02 a share.