GM says near-term US sales outlook "challenging"

Newswire

DETROIT, March 27 (Reuters) - General Motors Corp. said on Monday the near-term U.S. sales outlook is "challenging." The U.S. automaker, which posted a loss of $10.6 billion in 2005 and plans to cut 30,000 jobs and close 12 plants by 2008, said in materials prepared for a sales conference call that challenges to U.S. sales include reduction in daily rental sales, aggressive competitor actions and moving away from marginally profitable business. GM, the world's largest automaker by sales ...

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