Daily Auto News
When former General Motors CEO Rick Wagoner arrived in Washington for the second time to plead for federal aid in December, he drove to Congressional hearings in a prototype of the car he argued showed the bright future of GM: the 2010 Chevy Volt. Able to travel up to 40 miles on nothing but battery power before its gasoline engine ignites to recharge its batteries, the Volt is supposed to revolutionize the American relationship with gasoline.
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Daily Auto News
The AP reports, “Ford Motor says it is offering a payment protection plan to help reassure consumers who may be putting off a car purchase because of worries about losing their job.” The automaker “said Tuesday it will cover payments of up to $700 each month for up to a year on any new Ford, Lincoln or Mercury vehicle if consumers lose their jobs. The program runs until June 1..
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Daily Auto News
Autoblog reports, “General Motors has announced a new incentive program that it hopes will encourage people to enter the car buying market again. Called GM Total Confidence, the program has four prongs that includes Payment Protection if you lose your job, equity assistance if you trade in your vehicle later for another one from GM, one year of OnStar and the automaker’s 5-year/100,000-mile powertrain warranty..
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