U.S. News

GM Sees Weaker-Than-Expected Second-Quarter Sales, Exec Says


General Motors' head of North American operations said he expects second-quarter sales to be softer than initially forecast due to a weaker overall industry than GM had anticipated.

Speaking on the sidelines of the New York International Auto Show, Troy Clarke said the company is scaling back production on some cars and mid-size sport utility vehicles to cope with softer demand. GM earlier anticipated an uptick in retail demand in the quarter.

"We thought the market would be stronger," he said.

New York Auto Show

GM still hopes to boost year-over-year retail sales in coming months. The automaker plans to offer strategic incentives on several products this summer, including its line of newly redesigned pickup trucks, Clarke said.