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General Motors lifts forecast as tariff outlook improves, shares surge 8%

By Nora Eckert and Nathan Gomes (Reuters) -General Motors lifted its financial outlook for the year and slightly lowered its expected hit from tariffs, as the automaker awaits expected relief on tariffs in the U.S. while confronting a weakening market for electric vehicles. The company now expects its annual adjusted core profit to be between 12.0billionto12.0 billion to 13.0 billion, compared with its prior estimate of 10.0billionto10.0 billion to 12.5 billion. The Detroit automaker said tariffs would hit its bottom line les ...