GM (GM) Plans To Offer Dealers New Incentive To Spur Sales
Tweet
Share
E-mail
Get Alerts GM Hot Sheet
Price: $82.63 +2.56%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.9%
EPS Growth %: +30.7%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.9%
EPS Growth %: +30.7%
Join SI Premium – FREE
According to reports from Bloomberg, General Motors (NYSE: GM), in its latest attempt to stimulate sales, is offering U.S. car dealers a cash incentive of 1% for each 2009 vehicle they sell.
The new program is expected to run until the end of the year.
The offer follows the auto industry's 27% decline in September sales, the worse since 1991. GM's sales were down 16% in September and 18% for the year.
The new program is expected to run until the end of the year.
The offer follows the auto industry's 27% decline in September sales, the worse since 1991. GM's sales were down 16% in September and 18% for the year.
You May Also Be Interested In
- General Motors (GM) PT Raised to $33 at TD Cowen
- Goldman: 'potential downside risks for floating rate borrowers in the leveraged finance universe'
- GM Defense wins $697.7 million Army contract modification
Create E-mail Alert Related Categories
Insiders' Blog, RumorsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
