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  • General Motors reported higher first-quarter profits Wednesday and reaffirmed its full-year outlook despite a global shortage of semiconductors that has constrained manufacturing. The big US automaker reported profits of $3 billion, 10 times the level in the year-ago period, on strong vehicle pricing. The company said it is "highly confident" in its full-year financial outlook released in February. jmb/dw
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  • GM profits rise, affirms 2021 outlook despite semiconductor crunch
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