By Soyoung Kim and Poornima Gupta DETROIT, June 23 (Reuters) - General Motors Corp initiated a series of steps on Monday -- from cutting production of trucks to offering aggressive incentives -- to combat the drop in demand for large vehicles, and record-high gas prices. The announced production cuts and increased incentives come as the largest U.S. automaker struggles with a deepening slump in U.S. auto sales amid a consumer exodus from pickup trucks and SUVs. GM also said it hired ...
Premium Content (PAID Subscription Required)
"WRAPUP 1-GM to cut truck output, offer interest-free loans" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.