Chrysler subsidizing gas costs for new buyers
DETROIT (AP) -- Chrysler is offering to help pay the cost of gasoline for car and truck buyers. Rivals General Motors, Toyota and Ford say they have no plans to follow its lead.
The Auburn Hills, Michigan-based maker of Chrysler, Dodge and Jeep vehicles has announced an offer that caps the price of gasoline at $2.99 a gallon for three years for people who buy or lease new vehicles beginning Wednesday through June 2nd.
The offer covers most of its models and is based on 12,000 miles of driving per year and the vehicle's government fuel economy rating.
Chrysler says customers will get a card for buying gas that is linked to their own charge account. The customer will be billed $2.99 a gallon, and Chrysler will pay the rest.
Actual savings depend on what happens to gas prices during the next three years.
(Copyright 2008 by The Associated Press. All Rights Reserved.)
