General Motors Plans $9 Billion In CapEx For 2015, Says It's On Track To Reach 2016 Goals

General Motors Co. GM announced Wednesday that it expects its improved profitability in 2015.

The company indicated that total earnings before interest and tax (EBIT) adjusted and EBIT-adjusted margin would increase in 2015, compared to 2014, after adjusting 2014 for the impact of recall costs. The company also anticipated improved automotive results in all regions.

The company also said its plan puts it on the path to achieve 9 to 10 percent margins by early next decade.

To support its future growth, General Motors plans to increase capital expenditures to approximately $9 billion in 2015, reflecting increased investments in products and technologies.

The company also predicted 16.5-17 million in U.S. light auto sales for 2015 and affirmed that it is on track to achieve its 2016 goals.

General Motors recently traded at $34.28, down 2.75 percent.