GM, Toyota, Ford won't follow Chrysler with gas subsidies
May 6, 2008
DETROIT
Ford Motor Co., General Motors Corp. and Toyota Motor Corp. have no plans to match Chrysler LLC's offer to subsidize the cost of gasoline for car and truck buyers, the companies said Tuesday.
The Auburn Hills-based automaker on Monday night announced an offer that caps the price of gasoline at $2.99 a gallon for three years for people who buy or lease new vehicles from Wednesday through June 2. The offer covers most models and is based on 12,000 miles of driving per year and the vehicle's government fuel economy rating.
Actual savings depend on what happens to gas prices during the next three years, but based on the average price of $3.61 a gallon in Detroit as reported Monday by AAA Michigan, someone buying a 2008 Dodge Durango four-wheel-drive sport utility vehicle with a 5.7-liter V-8 engine would save about $414 per year.
LINK:GM, Toyota, Ford won't follow Chrysler with gas subsidies -- chicagotribune.com
May 6, 2008
DETROIT
Ford Motor Co., General Motors Corp. and Toyota Motor Corp. have no plans to match Chrysler LLC's offer to subsidize the cost of gasoline for car and truck buyers, the companies said Tuesday.
The Auburn Hills-based automaker on Monday night announced an offer that caps the price of gasoline at $2.99 a gallon for three years for people who buy or lease new vehicles from Wednesday through June 2. The offer covers most models and is based on 12,000 miles of driving per year and the vehicle's government fuel economy rating.
Actual savings depend on what happens to gas prices during the next three years, but based on the average price of $3.61 a gallon in Detroit as reported Monday by AAA Michigan, someone buying a 2008 Dodge Durango four-wheel-drive sport utility vehicle with a 5.7-liter V-8 engine would save about $414 per year.
LINK:GM, Toyota, Ford won't follow Chrysler with gas subsidies -- chicagotribune.com