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Phoenix Political Buzz Examiner

GM to front cash for clunkers money to dealers

August 20, 12:28 PMPhoenix Political Buzz ExaminerPatty Kelley
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Today, General Motors announced

...the company will today begin providing cash advances to dealers which are equivalent to the amount of federal rebates which are being processed for that dealership's qualifying new vehicle sales. As a result, dealers will have the liquidity to run their businesses effectively in the midst of this extremely successful program, and to continue immediately delivering new vehicles to GM customers..

Source: GM Media Online

 

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