GM lease deals pump up car sales

Article Abstract:

Rising vehicle sales are being helped by an incentive program from General Motors (GM) that allow consumers to get out current GM leases early if they buy or lease a new GM product. The automaker has told Wall Street analysts that more than 40,000 lease holders have taken advantage of the deal by the end of Jun 2001. Without GM's program monthly sales would have leveled of at 16.4 million units but June sales have reached 17 million units. It remains to be seen if GM would spend more money to book sales that would have come later anyway.

Motor vehicles and car bodies, Marketing procedures, Company Planning/Goals, General Motors Corp., GM

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Ford plans challenge to GM OnStar

Article Abstract:

Ford Motor Co has teamed up with Qualcomm to create a new company called Wingcast, which will provide in-car telecommunications services, including hands-free Internet access. The services would be available in all Ford cars beginning with the 2002 model year. Ford is playing catchup to General Motors, whose Onstar service is now four years old and already has one million customers. Wingcast may charge consumers between $9 to $29 a month depending on the Ford model that carries it.

Joint ventures, Ford Motor Co.

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• Abstracts: GM to offer hybrid power across models. Ford builds on old classics. NHTSA explores safety of air bags in older Altimas

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