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General Motors expecting better profits in 2013

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A banner hangs on the front of the General Motors Co world headquarters announcing GM's return to NYSE in Detroit
A banner hangs on the front of the General Motors Co world headquarters announcing GM's return to NYSE in Detroit

DETROIT (WKZO) -- General Motors is expecting 2013 to be brighter than last year, with company officials saying they expect pre-tax global profits to "rise modestly."

The automaker had a roughly four-billion-dollar profit through the first three quarters of 2012.  The projection came at a Deutsche Bank conference in Detroit Tuesday.

Seventy-percent of GM's vehicles are being upgraded in the U.S. by the end of this year, including a brand new 2014 model year Corvette Stingray.

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