General Motors of Canada Limited

General Motors of Canada Limited

November 08, 2007 10:04 ET

GM Canada Announces New Price Incentives

OSHAWA, ONTARIO--(Marketwire - Nov. 8, 2007) - General Motors of Canada today announced that, building on strong October sales growth and its hot new vehicle lineup, the company is introducing a series of new price incentives to augment its already highly competitive lease and finance rates.

Effective today, GM Canada will:

- Cover a 1% GST reduction for all of our cash and finance customers until the new GST rate takes effect on January 1, 2008.

- Offer new cash incentives ranging from $1,500 up to $10,000 on select models, including the Cadillac Escalade, Chevy Corvette, GMC Yukon and all of our 2008 Saab models.

- GM Canada is also today launching its year end "Wish and Win" event which gives GM customers the chance to win a new car or up to an additional $10,000 toward the purchase of their new GM car or truck.

"Coming off our strong October sales increases, we are moving beyond our great lease and finance rates to offer GM customers even greater value," said Marc Comeau, GM of Canada's vice-president of sales, service, and marketing. "We know consumers have been focused on the high Canadian dollar so we are going to continue to show them that the best value on the industry's best vehicles can be found at their local GM Canada dealership."

General Motors of Canada (GMCL) is engineering and manufacturing advanced environmental technologies ranging from Active Fuel Management (cylinder deactivation) and hybrid systems to E85 biofuel and fuel cell vehicles - more than any other auto company right here in Canada. Headquartered in Oshawa Ontario, GMCL employs more than 19,000 people nationwide. GM of Canada manufactures vehicles, vehicle powertrains, and markets the full range of General Motors vehicles and related services through 743 dealerships and retailers across Canada. Vehicles sold through this network include Chevrolet, Buick, Pontiac, GMC, Saturn, Hummer, Saab and Cadillac.

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