DETROIT – General Motors says it expects pretax earnings and profit margins to increase this year over last, after adjusting last year for recall costs.
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The company also predicts improved automotive results in all of its regions. It gave no specific numbers. GM is scheduled to release its fourth-quarter and 2014 earnings on Feb. 4.
GM also reiterated 2016 financial targets of 10 percent pretax profit margins in North America and a return to profitability in Europe. It also expects to maintain strong profit margins in China. Profit margin is the percentage of revenue that a company gets to keep.
The company expects 9 percent to 10 percent profit margins overall by early next decade.
GM made the predictions ahead of a conference for analysts in Detroit on Thursday.