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Non-Tech : GM - General Motors

GM 70.75

+2.8%

Nov 7 9:30 AM EST

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To: Thomas Haegin who wrote (154)	12/3/1998 2:57:00 AM
From: Thomas Haegin	of 543

Repost: GEN MOTORS CORP will report on Thursday a 4 to 6% drop in year-over-year vehicle sales in November due to a sharp fall in light truck sales, according to analysts briefed by the automaker. Truck sales will fall in the "high single digits to low double digits" due shortages associated with the start-up of GM's new Chevrolet Silverado and GMC Sierra pickup, said CIBC Oppenheimer analyst Phil Fricke. "It is fairly common in any major product launch, until you fill the pipeline, year-over-year sales are down," Fricke said. "It's not indicative of any launch problems." He added, "Year-over-year passenger car sales are going to be flat." (Reuters 11:26 AM ET 12/02/98) For the full text story, see infobeat.com

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