GM keeps profit forecast as U.S. sales slow

Detroit • Used car prices are falling, U.S. sales are off to a slow start, car inventories are growing and interest rates are on the rise. Still, General Motors is sticking to its profit forecast. Chuck Stevens, GM’s chief financial officer, told industry analysts Thursday that the company is optimistic for a number of reasons: The sale of its European unit will save GM money, it predicts U.S. sales will rebound later in the year, and expects new SUVs to fetch higher prices. In January, the Det...

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