General Motors Co on Wednesday forecast its 2015 operating profit will increase from last year due mostly to growth in its two largest auto markets, China and the United States.
As it moves past a year marred by massive recalls from a defective ignition switch linked to at least 45 deaths, GM said modest growth in global vehicle sales this year would help the largest U.S. automaker post improved results in all of its regions. It provided no specific figures.
GM also said it remained on track for 2016 targets, including 10 percent profit margins in North America and a return to profitability in Europe.