As U.S. light-vehicle inventory plummeted to record lows in August, auto makers began gearing up North American production, building just under 840,000 cars and trucks. August’s total was 42.8% higher than July’s, and 21.4% short of like-2008’s level, marking the lowest year-over-year output decline since October. August extended to 10 months the industry’s streak of sub-1 million vehicle builds by North America OEMs. While this streak could extend into 2010, Ward’s is forecasting output ...

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