GM offers employee pricing for all |
News - Financial News | |||
Written by Hugh McManus | |||
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In move that's likely to delay rather than postpone bankruptcy, GM [NYSE:GM] announced last week that it would offer employee pricing discounts on most of its models to customers in an effort to increase sales. The discounts apply to almost models for the 2008 year. The promotion ends of September 2 and is being timed to coincide with the 100th anniversary of the company. Rising costs and gas prices have seriously eroded company sales, which declined 26% in July.
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