GM Incentives Kicks Off New Year

DETROIT, Jan 3, 2003; Reuters reports that General Motors Corp. said on Friday it will offer cash rebates of up to $3,000 and no-interest loans on most of its 2003 models through Feb. 28.

U.S. automakers are battling for market share with a deluge of rebates, interest-free loans and other offers.

GM said its latest offer covers most 2003 Buick, Chevrolet, GMC, Oldsmobile and Pontiac models.

The zero-percent financing is for qualified buyers on most 2003 passenger car models, except Cadillac, Hummer, Saab and Chevrolet Corvette, GM said.