North American auto makers continue to slow production heading into the year’s second quarter in an attempt to stem rising inventories as vehicle sales maintain their downward spiral. An estimated March output of 813,107 units trails year-ago’s 1,118,031 by 27.3%, according to a Ward’s forecast. This would bring the 2009 first-quarter production tally to 1,869,000 units, a 47.7% decline from 3,575,116 in like-2008, due in large part to extended holiday plant shutdowns in January and ...
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