General Motors is offering interest-free loans and other incentives to Toyota owners who may want to get rid of their cars due to fears about faulty gas pedals. Toyota announced Tuesday that it was suspending sales and halting production of eight models due to problems with faulty gas pedals that could stick and cause unintended acceleration.
STEVE INSKEEP, host:
Good morning. I'm Steve Inskeep.
Here's proof, if it was needed, that the auto industry is a brutal business. Toyota suspended sales of many models over concerns about the cars' safety. When they heard that, the people at General Motors must have cried all night. In the morning, they put aside their sorrows to offer interest-free loans to Toyota owners who want to dump their cars and buy some product from General Motors. Presumably, GM hopes to recapture some of the sales that it lost back when it was bankrupt. It's MORNING EDITION.
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