Monday, July 2, 2007

Discounts seen fueling U.S. auto sales in June

(Reuters) - "Sales appear to have picked up nicely in June, following
the lackluster selling rate of the past three months," Lehman
Brothers analyst Brian Johnson said. "This is largely due to a
sizable increase in incentives so far this month, and the
generous new marketing programs."




General Motors Corp. and Ford Motor Co. last
week began offering qualified buyers zero-percent financing for
three years plus additional cash on select vehicles as they
tried to boost sales at the end of the month.


Read more at Reuters.com Bonds News

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