GM lowers outlook for U.S. 2017 new vehicle sales | Reuters

By Nick Carey and Joseph White | DETROIT DETROIT General Motors Co (GM.N) now expects U.S. new vehicle sales in 2017 will be in the "low 17 million" unit range, reflecting a widespread expectation that the industry is headed for a moderate downturn, a top executive said on Monday."The market is definitely slowing … it’s something we are going to monitor month to month," Chief Financial Officer Chuck Stevens told analysts on a conference call. "Pricing is more challenging." U.S.

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