CORRECTED - UPDATE 2-J.D. Power lowers U.S. auto sales forecasts

Newswire

(Corrects paragraph 2 to say that GM, not J.D. Powers, said lower auto sales could affect the success of the company.) * Cites flattening economy, high jobless rate * Lowers 2011 forecast 3.6 pct to 13.2 mln vehicles * Cuts 2010 forecast to 11.6 mln vehicles from 11.7 mln (Adds August sales forecast, comments, from Edmunds.com) By Bernie Woodall DETROIT, Aug 19 (Reuters) - J.D. Power and Associates cut its U.S. auto sales forecasts for the remainder of 2010 and 2011 as it expects a ...

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