AUTOS
From Times Staff and Wire Reports
GM Cuts 30,000 Vehicles From Production Forecast: Affecting fourth-quarter production in North America, the reduction was larger than many Wall Street observers expected and prompted analysts to trim their earnings estimates for the giant auto maker and predict more difficult times ahead for General Motors Corp. GM stock lost 37.5 cents per share Friday, closing at $37 1/4 on the New York Stock Exchange. Since September, GM’s stock has fallen by more than a quarter amid growing concern about the auto maker’s ability to cash in on the current auto sales boom.
