General Motors has predicted a smaller hit from tariffs than previously feared as it raised its annual profit guidance.
The US carmaker said on Tuesday that it now expects a hit from US tariffs of up to $4.5bn, compared with its earlier forecast of $5bn, and that it would pass on more costs to consumers through price increases.
As a result, it forecasted annual adjusted operating profit of between $12bn and $13bn, compared with its previous range of between $10bn and $12.5bn.
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