GM’s Whitacre Clarifies Profit Prediction, Expects to Hold U.S. Market Share

BROWNSTOWN TWP., MI – General Motors Co. Chairman and CEO Ed Whitacre softens a bold profit prediction made yesterday but says he remains confident the auto maker can maintain its market share this year, despite shaving four brands from its business.

“We’re going to be introducing some new models, including (the Chevy Volt),” Whitacre says of GM’s strategy to stem seven consecutive years of ...