GM revises sales prediction upward

General Motors Corp. announced that it expects to sell more vehicles and make more money in 2002 than earlier predicted. The more optimistic scenario is based on continued, high-than-expected consumer demand for cars and trucks which will result in expected total industry sales of about 16 million vehicles, a one-million unit increase from the company’s forecast in January. According to press reports published today, GM expects to build 10 percent more vehicles in North America during the first quarter of 2002 than it did in the first quarter of last year. Overall, the company expects to produce about 100,000 more units in North America in 2002 that earlier predicted.