DETROIT Jan 10 No. 1 U.S. automaker General
Motors Co on Tuesday gave an upbeat profit outlook for
2017 that ran contrary to widespread analyst concerns that the
country's car industry peaked in 2016 after several years of
record or near-record sales.
GM said it expects its 2016 earnings to come in at the high
end of its previous forecast and said profits will rise 2017.
The company also announced a $5 billion increase to its
share buyback program and additional planned cost savings of $1
(Reporting By Nick Carey; Editing by Nick Zieminski)