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GM's U.S. Sales Seen Recovering in June; Cadillac Expects Rebound

June 20, 2002

General Motors Corp.'s U.S. sales are recovering in June after an unexpected drop in May, fueling hopes that the strong sales theautomaker saw earlier this year aren't a thing of the past, the company's top sales executive said, according to the Wall Street Journal."We feel much better about June than we did May," Bill Lovejoy said in an interview June 20.Meanwhile, GM's Cadillac luxury division expects to see a 5 percent to 10 percent increase in U.S. sales this year, which would make it the first of what company officials hopewill be several years of recovery, its general manager said June 20.
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