General Motors expects adjusted, diluted earnings this year to rise to between $6 and $6.50, up from the outlook given for 2016 of $5.50 to $6 on projections of a strong performance in North America and China.
“We’ve generated consistently strong results the last few years by delivering great vehicles, growing the topline and driving efficiencies, while at the same time establishing a leading position in shaping the future of transportation,” Chief Executive Mary Barra said at an industry conference in Detroit, according to a company statement.
GM has seen sales rise in 2016 amid strength in brands like Cadillac and Chevrolet that propelled net revenue and income to record highs in the third quarter. In China, GM and its joint ventures delivered a record 3.9 million vehicles last year, an increase of 7.1% from the previous high in 2015.
In December alone, sales to individual retail customers in the US rose more than 3% from a year earlier to 249,983 vehicles, its best GM December performance since 2007.