GM raises the ante

Teahen Jr, John K.
June 2003
Automotive News;6/9/2003, Vol. 77 Issue 6042, p42
Trade Publication
Since January, 2003, automobile company General Motors (GM) Corp.'s rebates to buyers of new cars and trucks have ranged from $2,000 to $3,000. The move will put more financial pressure on GM's rivals, although neither Chrysler Group nor Ford Motor Co. had matched the offer. In lieu of the $4,000, buyers of these automobiles may choose 0 percent financing for 60 months or 1.9 percent loans for 72 months. It is the first time GM has offered low-rate six-year loans.


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