GM boosts 2016 profit outlook

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General Motors on Wednesday (13 January) announced an increase to its 2016 earnings per share adjusted outlook to between US$5.25 and $5.75, up from the prior outlook of $5.00 to $5.50 provided on 1 October, 2015. The company also expects improved EBIT-adjusted, EBIT-adjusted margin and automotive adjusted free cash flow.