General Motors (GM) shares have risen after the firm said it would be more profitable and return more money to shareholders.
Shares in the biggest US carmaker closed 0.6% up after it raised its 2016 earnings forecast by 25 cents to between $5.25 and $5.75 per share.
GM also plans to raise its stock buyback programme by 80% to $9bn and extend it to the end of 2017.
In total, it plans to give $16bn back to shareholders by the end of 2017.
GM
executive Mary Barra said: "We made significant progress executing our
strategic plan and the results are being demonstrated through our
improved earnings."
By: BBC.
Review: Emerging Market Formulations & Research Unit, Flagship Records.
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