Car Companies Give Katrina Victims a Break

Ford, General Motors and Daimler-Chrysler say they will allow victims of Hurricane Katrina to defer auto payments for up to 90 days in the wake of the storm.

Copyright © 2005 NPR. For personal, noncommercial use only. See Terms of Use. For other uses, prior permission required.


Time now for business news.

Victims of Hurricane Katrina, some of whom have had their roads turned into rivers, have one less thing to worry about. The Big Three US automakers say they will let those affected by the hurricane defer their car payments for up to 90 days. Ford, General Motors and DaimlerChrysler are telling customers in the federal disaster area to contact them for details.

Meanwhile, DaimlerChrysler is sending a crisis team to the area and GM has announced that it will donate nearly half a million dollars to the American Red Cross to help with the hurricane relief efforts.

Copyright © 2005 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.