North American manufacturers are running close to planned production in May with an overbuild in cars mostly offsetting an underbuild in trucks (see data p.7). For the second straight month, General Motors Corp. is heading for a large surplus in production vs. plan with the majority of its overbuild in cars. Ward's estimates that North American vehicle makers will assemble 1.529 million vehicles in May, nearly even with the 1.532 scheduled for the month (see Ward's Automotive Reports — May ...

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