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The full-size pickup plant General Motors Corp. operates in Fort Wayne will be shut down an additional week in August due to allow inventories to shrink, Bloomberg reported. Today’s announcement by GM brings to three the number of weeks the plant will be idle.
The Detroit automaker also said today that it will eliminate one production shift each at factories in Moraine, Ohio, and Shreveport, La., that make pickups and sport-utility vehicles.
Carmakers are slowing production of large vehicles as consumers turn away to save money on fuel costs.
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