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GM Cuts Production for Quarter

DETROIT — General Motors cut its fourth-quarter production schedule by 10 percent on Tuesday as a tightening credit market caused sales at the Ford Motor Company, Chrysler and even Toyota to decline in August, according to the New York Times.

G.M. said it planned to build 107,000 fewer vehicles in the fourth quarter, compared with the quarter in 2006, even though it had managed to increase its sales 5.3 percent in August after giving discounts on full-size pickup trucks and other vehicles.

Posted by Peter C. T. Elsworth  at 10:45 AM to GM | Permalink

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