Did 0.0 Percent Financing Save the Economy?
(EMAILWIRE.COM, March 06, 2002 ) After September 11th many of us were frustrated that we couldn't do anything to help? Well now it seems, if you were one of those who took advantage of the 0.0 percent financing offered on most cars and trucks right after the tragedy not only did you get a great deal, but many economists believe you actually helped save our economy from diving into a debilitating recession.
0.0 percent financing was no accident. Automakers and other business leaders were approached by the Bush Administration soon after September 11th and urged to come up plans to keep the economy moving. General Motors, the first to announce zero-point-zero financing, believed this idea would be simple to understand and hard to pass up.
Auto manufacturers say that while they may have lost money in the short-term on 0.0 percent financing - by keeping people employed and avoiding a big economic downturn they will benefit in the long term.
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Produced for General Motors
Contact:
Scott Michaeloff,
212/980-9090
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0.0 percent financing was no accident. Automakers and other business leaders were approached by the Bush Administration soon after September 11th and urged to come up plans to keep the economy moving. General Motors, the first to announce zero-point-zero financing, believed this idea would be simple to understand and hard to pass up.
Auto manufacturers say that while they may have lost money in the short-term on 0.0 percent financing - by keeping people employed and avoiding a big economic downturn they will benefit in the long term.
-------------------
Produced for General Motors
Contact:
Scott Michaeloff,
212/980-9090
-------------------
Contact Information:
General Motors
Joseph Nchor
Tel:
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
General Motors
Joseph Nchor
Tel:
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
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