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Detroit, MI - GM's Stock Price Falls To Lowest in 25 years, Offers Zero Percent Financing on SUVs

Published on:   Jun 23, 2008 at 07:50 PM
News Source: Reuters
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Detroit, MI - General Motors Corp is offering zero-percent financing for 72 months on pickup trucks and SUVs as record high gas prices have hurt sales of large vehicles, a GM dealer briefed on the plans told Reuters on Monday.

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The offer, which covers full-size pickup trucks such as the Chevrolet Silverado, will start on Tuesday and last until the end of the month, the dealer said.

GM's U.S. sales chief Mark LaNeve briefed dealers on the plans early on Monday

GM shares fell 88 cents, or 6.4 percent, to close at $12.91 after plummeting to $12.75 earlier in the day. That was the lowest they'd fallen since February 1982, when they hit $12.70 per share


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Read Comments (8)  —  Post Yours »

1

 Jun 23, 2008 at 09:55 PM anonymous Says:

How much is a tahoe LTZ ???
Lease 24 Months 15 K miles a year

2

 Jun 23, 2008 at 10:51 PM Anonymous Says:

bye ceo of gm

3

 Jun 24, 2008 at 07:52 AM Anonymous Says:

how about an escalade? is that included in this offer?

4

 Jun 24, 2008 at 08:18 AM lavdafka Says:

there's a new offer that incudes lights and sirens ;)

5

 Jun 24, 2008 at 08:30 AM leasing Says:

Ltz 24 months fully loaded about 600 inc tax
The escelade 600 inc tax evry option in the book

6

 Jun 24, 2008 at 08:49 AM Anonymous Says:

its time the american car companies gave people what they want not what they don't! No one wants SUVs--when the american's did want it they hadn't started producing them yet!

7

 Jun 24, 2008 at 10:05 AM joe Says:

in my fake stocks game i shorted gm 2 days ago the company is in a ton of debt

8

 Jun 24, 2008 at 03:49 PM TZup? Says:

i think reb bentzion was a week to early for this deal what happend to Comfort

9

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