GM Offers To Help Out Toyota Owners

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.

Copyright © 2010 NPR. For personal, noncommercial use only. See Terms of Use. For other uses, prior permission required.


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.

Copyright © 2010 NPR. All rights reserved. No quotes from the materials contained herein may be used in any media without attribution to NPR. This transcript is provided for personal, noncommercial use only, pursuant to our Terms of Use. Any other use requires NPR's prior permission. Visit our permissions page for further information.

NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR's programming is the audio.



Please keep your community civil. All comments must follow the Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.