GM to drop zero, raises incentives on new models

Newswire

By Michael Ellis DETROIT, Aug 23 (Reuters) - General Motors Corp. has quietly ratcheted up incentives on its new 2003 models as it prepares to end its zero-percent financing offer on its dwindling supply of 2002 models, dealers said on Friday. Earlier this week, the world's largest automaker began offering up to $750 towards the lease of a new 2003 model year GM car or truck in some parts of the United States, dealers said. "That's a huge incentive," said Tim Burnett, the sales manager ...

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