With Chrysler LLC and General Motors Corp. ripping up their second-quarter production plans, and transplants making hefty cuts, the auto industry’s second-quarter North American production slate is falling to a level just 54.1% of the already weak year-ago performance. Auto makers have axed 469,200 planned assemblies in this latest round of schedule revisions and now are slated to build just 1,922,200 vehicles in April-June, down from 3,550,900 in like-2008. Compared with the 2,454,500 ...

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