Incentives to Burn
The GM Fuel Price Protection Program gives GM car buyers a credit on any amount over $1.99 per gallon they pay to fill up their vehicles for the first full year. The deal is only being offered in Florida and California on select cars and trucks.GM even has an online calculator (hey, cool idea!) to show you how much money you'll save on all the fuel you're wasting. So, doing a quick calculation, ... let's see, ... if I drive my Hummer H2 15,000 miles, ... at current prices, ... GM will credit me $2,275 and 45 cents. No matter what the pump says, I pay $1.99 and GM pays the rest. Huh. Ain't that something.
Correct me if I'm wrong, but isn't this the company that lost $10.6 billion last year?
Hat tip: Think Progress and an anonymous reader