North American car and truck output plans fell under the knife again last week, as production planners concluded their monthly meetings with an industry-wide 296,200-unit, or 10.3%, reduction in first-quarter schedules. Plans now are to assemble 4,028,800 vehicles, compared to the 4,325,000 slated at the start of January. The fresh cuts mark the third consecutive reduction in January-March output since official plans for the quarter first were set at 4,581,700 units in late November (see ...
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