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GM to Cut Pickup Truck Production

General Motors Co. is cutting its production of pickup trucks next month, a sign that truck sales aren’t as robust as the company had hoped.

Full-size pickup truck sales were up 9 percent for the year through July in the U.S., compared with a year earlier, according to Autodata Corp. But that increase was smaller than the industry saw as a whole. Continuing weakness in the housing and construction sectors has dampened demand for trucks. Sales of the Chevrolet Silverado, GM’s best-selling truck, were up 7 percent.
Read more at cbsnews.com