Subscribe By RSS
Ford And General Motors Offer ‘Customer Protection’ Plans
By Zacks Investment Research on April 1, 2009 | More Posts By Zacks Investment Research | Author's Website
Ford Motor Co. (F) declared that it is offering a payment protection plan that would help new vehicle buyers who lose their jobs.
The Dearborn, Mich.-based said that it would meet auto loan payments worth $700 a month for up to a year on new Ford, Lincoln or Mercury vehicles. It also stated that it would offer zero-percent financing on the above-mentioned vehicles.
“Consumers remain anxious about the economy and their own outlook for the future,” Ken Czubay, vice president of sales and marketing for Ford, said in statement.
“We at Ford want to do our part to rebuild faith in the marketplace,” he added.
Later in the day, General Motors (GM) announced a “GM Total Confidence” package, which offers payment protection for the first 24 months of ownership. It would cover payments worth $500 a month for up to 9 months, if a buyer loses his job.
Subscribe by RSS 
Subscribe by Email
Email This Post To A Friend
Here’s A Sector To Short 
Protect Yourself Against An Imminent Stock Market Correction - Oil Seems Like It’s Going Nowhere… But The Story Is Very Different Below The Surface
- Insider Selling Can Be An Important Tool In Determining Potential Trouble For Both Individual Stocks And The Broader Market
- Japan ETFs: The New War They’re Waging
- BoJ Raises Economic View - 9 mins ago
- South Korea’s Tourist Arrivals Hit Record High - 19 mins ago
- Indian Market Slips After 2-day Rally - 23 mins ago
- India’s Services Sector Attracts Highest FDI During April-August - 40 mins ago
- Japan’s FinMin: Fiscal Spending In Japan Cannot Help Tackle Weak Demand - 46 mins ago
