Despite the last minute cash infusion from President Bush in 2008 to steer GM and Chrysler into 2009, sales results for December are expected to be dismal for the entire industry when they are announced this afternoon.
Over the weekend GM's captive, GMAC, began offering low - interest financing again and they're now qualifying consumers with credit scores below 700. This is a sign GM is going to weather the storm. And Hyundai made an unprecedented move over the holidays, allowing consumers who purchase a new vehicle an assurance guarantee. Consumers purchasing a new Hyundai will be allowed to return their vehicle, if they lose their income this year. As we navigate the automotive highways for 2009, expect more clever moves from the industry.
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