UPDATE 2-GM ups profit-eating incentives on SUVs

Newswire

(Adds comment from Chrysler CEO, paragraphs 13-14) By Tom Brown DETROIT, Jan 30 (Reuters) - General Motors Corp. on Thursday ratcheted up consumer incentives on many of its most popular sport utility vehicles in an escalation of Detroit's profit-eating price war. The world's largest automaker said it was raising cash rebates by $500, to a total of $2,500, on the highly profitable Chevrolet Tahoe, Suburban, Trailblazer, and GMC Yukon, Yukon XL, Envoy and Oldsmobile Bravada SUVs. GM, ...

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