GM sees modest profit, auto sales growth this year, AP reports

theflyonthewall.com

General Motors (GM) told analysts at a Deutsche Bank industry conference in Detroit yesterday that it expects a modest increase in pretax profits in 2013 and believes global auto sales will also grow modestly this year, the Associated Press reports. The automaker sees pretax profit margins in North America rising to 10% from 8% in three to four years.

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