GM Raises 2016 Profit Forecast, Boosts Buyback by $4 Billion

  • Optimistic outlook also leads to increased quarterly dividend
  • Automaker sees continued but slowing growth in U.S., China

GM Raises Earnings Projection for 2016

General Motors Co. moved to ease concern that slowing global auto-sales growth will cap profit increases, raising its earnings forecast for 2016 by 25 cents a share, adding to its share buyback plan and boosting the dividend.

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