Automakers Schedule Production Cuts Fastest Since Great Recession

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Manufacturers in the auto industry have begun scheduling production cuts faster than at any time since the Great Recession, despite an otherwise healthy economy. General Motors, which has already been dropping shifts since last autumn, now says it will eliminate another shift at the Fairfax, Kansas plant which builds its popular Chevrolet Malibu. Bulging inventories on both sides of the border will extend the summer shutdown at two of the automaker’s Canadian plants.

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