GM to End No-Interest Financing

DETROIT —  General Motors Corp., the first of the Detroit auto makers to offer no-interest financing after the Sept. 11 attacks, may end it soon.

After Sept. 3, the No. 1 auto maker will offer 1.9% financing for 36-or 48-month loans, and 2.9% for 60-month loans on all 2002 cars and trucks, except Corvettes, the Detroit News reported Friday, citing a GM source and dealers.

Cash rebates of $1,000 to $4,000 on most models still would be offered. A GM spokeswoman said Friday that the company wouldn’t comment on its incentives programs until after Labor Day.

Ford Motor Co. has extended zero-percent financing on most 2002 models to the end of September, as has DaimlerChrysler.

GM is the only U.S. auto maker seeing higher sales in 2002. Light trucks drove a 1.7% rise in the first seven months of the year.