Stop The Party: GM Sales Just Whiffed In June Big Time


Photo: David Antis

Just out… GM just laid an egg regarding June sales.Sales only Grew by 10% vs. expectations of 18% growth.

Via Bloomberg, VP os US Sales Don Johnson says that it may cut truck output in 2011 beyond idling 2 plants in July.

Industry sales will be at the low-end of forecast.

The stock is off 0.4%.

The full announcement is here.

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