TITLE

GM raises the ante

AUTHOR(S)
Teahen Jr, John K.
PUB. DATE
June 2003
SOURCE
Automotive News;6/9/2003, Vol. 77 Issue 6042, p42
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
10098672

 

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