UPDATE 1-GM says slashing rentals in first half of '07

Newswire

(Recasts throughout, adds details, quotes, byline) By Jui Chakravorty DETROIT, Jan 25 (Reuters) - General Motors Corp. will cut its daily rental sales by 120,000 units in the first half of 2007, with the bulk of reduction in January, the automaker's North American sales chief said on Thursday. Speaking to reporters on a conference call, Mark LaNeve said GM's daily rental sales will fall to about 200,000 units in the first half of the year, with a reduction of 35,000 units in January ...

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