General Motors was not amused in early July when its stock value dropped because Wall Street analysts assumed it planned to follow Chrysler Group’s lead in beefing up its 7-year/70,000 mile- (112,654 km-) powertrain warranty as a sales incentive. Speculation of such a move helped send GM’s stock tumbling on July 10, finishing the day at $47.61, off $3.53. GM already had resumed its successful 0% financing program before Chrysler’s warranty deal was announced, and Paul Ballew, GM’s ...
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