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July 12, 2005

All Business: Discounts on cars: blessing and a curse

  • Automakers say these deals are temporary, but they might be forced to consider cutting prices again.
    • By RACHEL BECK
    AP Business Writer

    NEW YORK — General Motors Corp.'s "Employee Discount for Everyone" program sent the automaker's sales soaring last month to the highest monthly total in two decades and allowed it to unload huge amounts of inventory.

    Now, Ford Motor Co. and DaimlerChrysler AG's Chrysler Group are launching pricing schemes of their own.


     
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