General Motors (GM) reported strong financial results for the first quarter of 2023, exceeding Wall Street targets and raising its annual pretax profit projection. The automaker’s net income rose 24.4% year-over-year to $3 billion, driven by stable pricing and demand for its gas-engine vehicles. GM’s adjusted pretax profit projection has been adjusted to $12.5 billion to $14.5 billion from the previous range of $12 billion to $14 billion for the year.