GM says to subsidize gas purchases for some buyers


DETROIT, May 23 (Reuters) - General Motors Corp. said on Tuesday it would subsidize gasoline purchases in Florida and California to boost sales in those key markets. GM said it would cap the price of gas at $1.99 a gallon for new buyers of some of its 2006 and 2007 full-size sport utilities and mid-size cars in those states. The gasoline credit would be based on a consumer's estimated monthly fuel usage. Consumers would be credited for the difference between the average price per ...

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