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General Motors comes to dealers rescue

Posted Aug 20th 2009 4:30PM by Michael Fowlkes (RSS feed)
Filed under: Good news, Products and Services, Competitive Strategy, Ford Motor (F), General Motors (GM), Money and Finance Today

General Motors Cash for ClunkersAs we noted yesterday, a lot of auto dealers have decided to pull out of the popular "cash for clunkers" program. This comes as a result of lack of payment by the government, and today General Motors said that it will start to advance dealers the cash that they are due from the government related to the program.

Today's announcement by General Motors marks a change in company policy, which had earlier stated that it was not in a position to come to the aid of its dealers.

Continue reading General Motors comes to dealers rescue

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