USA: New GM chairman backs incentives, tax cuts - report
General Motors has no plans to cut back on its use of incentives to sell new vehicles, even as they grow more costly and less effective, chairman and chief executive officer Rick Wagoner said, according to Reuters. "It's getting more expensive and it's getting to require more creativity" to develop new incentive offers, Wagoner told reporters after giving a speech to the Detroit Economic Club, Reuters said. "I'm not saying in any way we're backing off."
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