GM offers gas-price cap for CA/FL SUV buyers

[LynneSin]

http://news.yahoo.com/s/ap/20060524/ap_on_re_us/gm_gas_rebate_4

DETROIT - Aiming to capitalize on consumer angst about the high cost of gasoline, General Motors Corp. on Tuesday said it would cap pump prices at $1.99 for customers in California and Florida who buy certain vehicles by July 5.
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One hitch to the promotion is that customers must also agree to enroll in the OnStar vehicle diagnostic service, which is free for the first year but after that will cost $16.95 a month. The other is that many of the eligible vehicles are serious gas guzzlers.

The offer is good for 2006 and 2007 model year vehicles. In California, eligible vehicles are the Chevrolet Tahoe and Suburban sport utility vehicles and Impala and Monte Carlo sedans; the GMC Yukon and Yukon XL SUVs; the Hummer H2 and H3 SUVs; the Cadillac SRX SUV; and the Pontiac Grand Prix and Buick LaCrosse sedans. In Florida, eligible vehicles are the Impala, Monte Carlo, Grand Prix and LaCrosse.

Customers must buy or lease an eligible vehicle between May 25 and July 5 and enroll in the OnStar diagnostic service, which automatically runs checks on the vehicle and sends e-mail notices to owners each month.

Each month for one year, GM will give drivers a credit on a prepaid card based on their estimated fuel usage. Fuel usage will be calculated by the miles they drive, as recorded by OnStar, and the vehicle's fuel economy rating.

GM will credit drivers the difference between the average price per gallon in their state and the $1.99 cap. The credits can be used through December 2007. Consumers wouldn't get any credits if gas prices fall below $1.99

[Sherman A1]

1. Saw it too

Comes across to me as a big YAWN!

[ClintonTyree]

2. How many people will they sucker into this scam?

I'm sure there will be a few. All people see is $1.99 gas, everything else will be a haze in the background.

Now GM has to bribe people to buy their gas guzzling monstrosities. :eyes: Instead of manufacturing more fuel efficient vehicles they'll entice idiots into buying gas hogs with stupid promotions like this. :puke: And GM can't figure out why their sales are down. :eyes: It's a fool's paradise, I tell 'ya!