North American manufacturers in April are pacing ahead of production scheduled for the month, with an overbuild on tap equal to nearly 102% of plan (see data p.7). The most conspicuous aspect of the overbuild is that it is in cars and General Motors Corp. is leading the way. Ward's estimates that North American production — including medium- and heavy-duty trucks — will end April at 1,342,500 million units, or 23,500 more than the industry had planned to build at the beginning of the ...

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