WRAPUP 1-GM, Ford offer job-loss payments to boost sales

Newswire

* GM offers up to nine payments, up to $500 per month * Ford covering payments for up to one year * Payment protection on top of zero-pct financing offers * March U.S. auto sales seen down 40 pct * Ford, GM shares lower By Soyoung Kim DETROIT, March 31 (Reuters) - General Motors Corp and Ford Motor Co announced a new series of incentives covering payments if customers lose their jobs, joining rivals in offering heavy discounts to attract consumers sidelined by the recession. ...

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