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International Business Times
International Business Times
Business
AFP News

General Motors Lifts 2024 Profit Forecast After Strong Q1

General Motors, which reported better than expected profits, is hopeful that the moderately priced Chevrolet Equinox will attract more consumers to electric vehicles (Credit: AFP)

General Motors reported higher profits Tuesday thanks to continued strength in North America that offset a loss in its China business, enabling the carmaker to lift its forecast.

GM, which has benefited from consistently strong demand from US consumers for pickup trucks and other larger vehicles, increased its range for 2024 net income by $300 million to between $10.1 and $11.5 billion.

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