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GM raises US sales outlook
GENERAL Motors reported a smaller-than-expected decline in US new vehicle sales in April and raised its outlook for the year.
The US carmaker said its sales fell eight per cent last month while Ford posted a five per cent fall.
GM warned that the next few months could be choppy, but projected that US auto sales for the industry this year would be at their highest level since 2007.
It raised its target to between 14m and 14.5m cars and trucks this year, up from 13.5m to 14m.