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GM Hikes U.S. Sales Outlook for 2012
General Motors Co. now expects the American light vehicle market to reach 14 million-14.5 million units, up 500,000 units from its previous forecast.
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General Motors Co. now expects the American light vehicle market to reach 14 million-14.5 million units, up 500,000 units from its previous forecast. The market totaled 12.8 million units in 2011.
Light vehicle sold at a 14.4 million-unit annual pace in March and April.
GM expects strength in U.S. manufacturing and retail sales to boost job creation this year, thus spurring consumer confidence and boosting auto sales.
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