U.S.-based General Motors, the world's largest automaker, has raised profit estimates for the first quarter and for the full year, saying sales in the United States have been better than expected.

The Detroit-based firm says it expects 2002 sales in the United States to reach 16 million vehicles, about one million more than forecast at the beginning of the year.

The company also plans to sell about $2.5 billion in bonds to fund pensions and health care obligations to employees

Some information for this report provided by Bloomberg.

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