P.M. BRIEFING : GM: Mideast Won’t Deter Sales
FROM TIMES WIRE SERVICES
TRAVERSE CITY, Mich. —
General Motors Corp. said today that it is maintaining its 1990 U.S. auto industry sales projection of 14.7 million vehicles despite the potentially ominous consequences of the current Middle East crisis.
GM President Lloyd E. Reuss told reporters the company was still projecting that U.S. auto makers will produce between 14.7 million and 14.8 million cars and trucks this year.
But he conceded that the Iraqi invasion of Kuwait and the subsequent rise in oil prices could affect GM’s product mix.
That shift would be away from large cars to smaller vehicles. “There may be some shift, but I don’t see a major shift,” he said.
