July sales are rebounding from June’s downturn and late-summer demand will thin currently bloated inventories, General Motors Corp. officials say. The auto maker finished June with vehicle stocks topping 1.3 million units – nearly 900,000 trucks and more than 400,000 cars. GM’s sales were down 15.5% in June vs. like-2003. GM Chief Financial Officer John Devine says vehicle inventories are too high. But GM predicts its inventory will be reduced to 1.1 million units by the end of ...
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