Automakers braced for weak U.S. May sales results

Newswire

By Justin Hyde DETROIT, May 28 (Reuters) - The U.S. auto industry's traditional spring selling season may have lost its bounce this year, as analysts predict weak new car and truck sales in May despite another round of incentives. With inventories already swollen and incentives running nearly 50 percent higher than a year ago, poor May sales could trigger more generous rebates and cut-rate loans. Slow sales could also force steeper production cuts by Detroit's Big Three automakers in the ...

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