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GM sees output improving, recovery still away
A flock of birds sit on a covered General Motors sign at an abandoned auto dealership in Warren, Michigan December 18, 2008.
Credit: Reuters/Rebecca Cook
NEW DELHI |
NEW DELHI (Reuters) - General Motors Corp (GM.N) sees production improving in the second quarter but a market recovery will take time, a senior company official said on Tuesday.
"Specifically talking about the U.S. production which has been at a very low level in the first quarter, will come back up to some degree," Jonathan Browning, head of global sales, told reporters in the Indian capital.
"Don't interpret that as a recovery underlying demand. Just a question of balancing inventory and going through a period of very lean production ... it's not a market recovery," he said.
(Reporting by Devidutta Tripathy; Editing by Ranjit Gangadharan)
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