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GM: raises FY targets again

( - General Motors said on Tuesday that it had raised its annual targets for the second time, saying that it is benefiting from strong demand, enabling it to gain market share in the US.

The automotive group announced adjusted EBIT of $3.2bn in Q2, up 38% from $2.3bn recorded in Q2 2022, on sales that rose 25% to $44.7bn.

The company said it now expects FY adjusted EBIT of $12bn to $14bn, i.e. $1bn above its previous forecast.

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