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Strategies & Market Trends : Graham and Doddsville -- Value Investing In The New Era

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To: porcupine --''''> who wrote (1581)4/20/1999 1:58:00 PM
From: porcupine --''''>  Read Replies (1) of 1722
 
GM boosts second-quarter vehicle production by 15,000

WARREN, Mich., April 8 (Reuters) - General Motors Corp.
said on Thursday that it will boost its second-quarter
North American output of vehicles by 15,000 units, to
1,512,000.
In the second quarter last year, the world's largest
automaker made 1,172,000 cars and light trucks at assembly
plants in the United States, Canada and Mexico. GM said the
increase reflected higher demand for its cars and light trucks
as demonstrated by the 5.9 percent rise in first-quarter sales.
Of the increased production, 9,000 will be light trucks --
pickup trucks, sport utility vehicles and minivans -- and 6,000
passenger cars, GM said.
Most of the increase -- 10,000 vehicles -- will be handled
at plants in the United States. GM also said output will be
raised by 2,000 vehicles to 23,000 at its joint venture plant
in Ingersoll, Ontario. The automaker shares production at that
plant with Japanese automaker Suzuki Motor Corp. <7269.T>
GM made 1,506,000 vehicles in the first quarter, up 131,000
from the same period last year. In March, it made 555,000 cars
and light trucks, up 35,000 from last year.
Ford Motor Co. on Tuesday raised its second-quarter
output in North America by 20,000 light trucks and 10,000 cars.
The No. 2 U.S. automaker now projects production in the quarter
will be 1,242,000, up 4 percent from last year.
((--Detroit Newsroom, 313-870-0200))
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