General Motors Co. revised earnings guidance for the year 2016. The company announced an increase to its 2016 earnings per share adjusted outlook to between $5.25 and $5.75, up from the prior outlook of $5.00 to $5.50 provided on Oct.

1, 2015. The company also expects improved EBIT- adjusted, EBIT- adjusted margin and automotive adjusted free cash flow. The company's 2016 outlook is based on a strong product launch cadence, growth in adjacent businesses, continued emphasis on driving core efficiencies across the enterprise, and expected modest global industry growth.