Facing growing dealer inventories, General Motors is cutting back production at two of its plants to adjust supply and demand.
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Two plants in Ford’s joint venture with Russian manufacturer OAO Sollers will experience job cuts as a result of a weakening ruble and decreasing demand by customers in the local market.
With a forecast of low sales growth in Europe expected to remain in place for the next few years, Honda has decided to scale back production at its plant in Swindon, England.
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