GM, Ford seen cutting production after weak sales

Newswire

By Michael Ellis DETROIT, Nov 29 (Reuters) - General Motors Corp. and Ford Motor Co. are expected to announce further cuts in vehicle production levels this week as they move to trim inventories of unsold cars and trucks following weak sales, analysts said. GM and Ford are expected to cut North American production by about 6 percent for the first quarter of 2005, said Ron Tadross, an analyst with Banc of America Securities. "The industry inventory levels are a little high, so we would ...

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