GM says overall auto sales weaker than projected


DETROIT, June 27 (Reuters) - General Motors Corp. on Tuesday said that overall 2006 U.S. auto sales were likely to come in below the 2005 total because of higher interest rates and gasoline prices. "It's fair to say that the industry is tracking a bit below expectations," said Paul Ballew, GM's chief market analyst. In presentation materials prepared for a conference call, GM said it would launch a limited-time zero-percent financing offer on many of its 2006 models. GM said that sale ...

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