Still-high gasoline prices and a sluggish housing market in California and Florida are prompting General Motors Corp. to scale back its new-vehicle sales forecast for 2007. But Paul Ballew, executive director-global market and industry analysis, says the auto maker foresees a rebound in 2008 and continued market expansion beyond then. GM, which only a month ago was clinging to its start-of-the-year projection of 17 million car and truck sales in the U.S. industry-wide, now says 2007 is ...

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