With rising fuel prices and slowing economy, General Motors (GM) said Monday it will cut production shifts at 4 sport utility vehicle factories, in a move that will result in 3500 job cuts.
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委员会成员获悉虽然美国大幅加息的可能性减低,但油价高企继续令金融市场出现波动。
Members noted that, while the likelihood of a sharp rise in US interest rates appeared to have lessened, high oil prices had continued to contribute to volatility in financial markets.
Paul Ballew, General Motors Corp. 's top sales analyst, explained sluggish industry sales earlier this month by citing in part high fuel prices, which he called 'effectively a tax on U. S. households.