North American manufacturers are starting to address their excess inventory problem via cuts in the third quarter production schedule. Most of the trimming so far has come in July, which is expected to post a large shortfall from planned output of a month ago. Most manufacturers are making cuts, with the majority of the reductions at DaimlerChrysler Corp., followed by General Motors Corp. However, Ford Motor Co., on pace to post a large overbuild in July, is bucking the industry trend with ...

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