WRAPUP 1-GM to cut truck output, offer interest-free loans

Newswire

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 ...

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