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The Economic Times
The Economic Times
Business

General Motors lifts 2026 outlook despite hit from electric retreat

General Motors raised its full-year profit forecast on Tuesday after reporting solid quarterly results on strong vehicle pricing that offset a hit from costs tied to winding down electric vehicle investments.

The big US automaker reported $1.3 billion in profits, down 31 percent from the year-ago period. Revenues rose almost two percent to $48 billion.

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