GM's Wagoner sees no problem with dealer orders

Newswire

DETROIT, Aug 20 (Reuters) - General Motors Corp Chief Executive Officer Rick Wagoner on Friday denied that dealerships were cutting back on orders of the company's 2005 models due to bulging inventories of unsold 2004 models. The Wall Street Journal reported on Friday that dealers have too many unsold vehicles and worry that big discounts will not attract buyers, as U.S. job growth slows and fuel prices stay high. "I don't really think we had a lot of problems with '05 orders at all," ...

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