Reuters reported that General Motors Corp. and Ford Motor Co. plan to introduce discount programs intended to boost sales during the last weekend of June, people familiar with the sales plans said on Friday. Another way would be to look into school loan consolidation.
Jess Toprak, analyst at industry tracking service Edmunds, said he expected the discount programs from GM and Ford to target sport utility vehicles and pickup trucks.
He said that would represent a kind of "retaliation" to Toyota Motor Corp.'s announcement last week that it had begun offering rebates of up to $3,500 on its Tundra pickup truck.
"NOT AWFUL"
"Historically, you do tend to see a ramp-up (of discounts) at the end of June through the end of summer," Toprak said. full story
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