General Motors Corp. attributes higher than anticipated first quarter earnings of $1.3 billion, or $2.25 per share, to continued strong profitability by its Asia/Pacific and General Motors Acceptance Corp. divisions, as well as a favorable adjustment in corporate tax rates. The encouraging results prompted GM to increase its 2004 earnings per share guidance to $7, from previous estimates of $6 $6.50 per share. “The outlook is brighter now than it might have been a couple months ago,” says ...

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