Weak GM, Ford sales may spur steep production cuts

Newswire

By Michael Ellis DETROIT, Aug 26 (Reuters) - Hurricane Charley's damaging path through Florida and the growing ineffectiveness of sales incentives caused U.S. car and trucks sales to slip in August, raising the likelihood of costly cuts in vehicle production, analysts said. Charley left many cars damaged at dealer lots when it hit one of the nation's biggest markets in mid-August, and kept some consumers busy repairing their homes rather than shopping for new vehicles. "Certainly a lot ...

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