GM, GMAC ease lending rules to entice car buyers (Reuters)

Car salesman Ray Schaffer (L) shows a customer a 2009 Chevrolet Impala sedan at a dealership in Dearborn, Michigan December 29, 2008. General Motors and Chrysler are scheduled to each receive $4 billion of loan money today from the U.S. Treasury Department according to the terms of their agreement. (Rebecca Cook/Reuters)Reuters – General Motors Corp and its GMAC funding affiliate launched programs on Tuesday to lure U.S. car and truck buyers back into showrooms, as the nation’s largest automaker tries to revive its sagging fortunes.

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