Wednesday, April 2, 2003

GM, Chrysler announce new incentives

The Associated Press

DaimlerChrysler AG's Chrysler Group has followed General Motors Corp. in beefing up its incentives as automakers try to lure buyers at a time when consumer confidence is lagging.

The sweetened deals come as sales have slumped in North America and the major automakers have scaled back production plans.

Like GM, Chrysler said Tuesday that it is offering no-interest financing for five years on several vehicles, including the popular PT Cruiser.

The German-American automaker Tuesday also increased cash rebates on certain vehicles to as much as $4,500. The offers are good through April 30.

Ford Motor Co. also was expected to release its latest incentive programs soon.

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