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GM's pre-tax profit beats forecast

General Motors Co posted impressive $2.5 billion pre-tax profit for the third quarter due to solid sales of crossovers in the U.S. and strong demand in China. Revenue dropped 13.5 percent compared to last year to $33.6 billion.

The results helped GM shares to hit $47.25, its top since initial public offering in 2010.

The largest U.S. car maker said it hopes U.S. vehicle sales to remain steady at an annual rate of about 17 million cars in 2017.

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