UPDATE 3-GM, Ford rev up incentives amid weak sales

Newswire

(Recasts with new GM, Ford incentives, adds analyst quotes) By Michael Ellis DETROIT, Jan 23 (Reuters) - General Motors Corp. and Ford Motor Co. escalated their price war on Thursday, offering costly new consumer incentives to lure buyers amid signs of slowing U.S. vehicle sales, officials said. GM, the world's largest automaker, said it would waive up to five months of remaining lease payments to its current customers if they opt for a new vehicle. Ford began quietly offering cash ...

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