Gen­eral Mo­tors warns of tougher sec­ond half

Muscat Daily - - BUSINESS -

Gen­eral Mo­tors Co (GM) is gear­ing up for a tougher sec­ond half of the year as it slashes pro­duc­tion to bring in­ven­tory back in line and pre­pares for new pickup and SUV mod­els.

Both pro­duc­tion and earn­ings will slip in the sec­ond half as GM tem­po­rar­ily closes fac­to­ries be­ing re­tooled to make fresher trucks and sport util­ity ve­hi­cles, chief fi­nan­cial of­fi­cer Chuck Stevens told re­porters at the com­pany’s head­quar­ters in Detroit. Car plants, mean­while, are cut­ting shifts as de­mand plunges for sedans like the Chevro­let Mal­ibu.

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