GM waives some lease payments to boost sales


DETROIT, May 19 (Reuters) - General Motors Corp. said on Monday that, in an attempt to boost sales, it will waive up to six months of lease payments on most GM models if the owners buy or lease a new vehicle. The world's largest automaker will nullify lease payments on contracts that expire between July 1 and Jan. 2, 2004, if the owners buy or lease any new GM vehicle except a Saab, Hummer or medium-duty truck, said GM spokeswoman Elaine Redd. Last week, John Smith, GM's head of North ...

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