GM Offers $1.99 Premium

GM has started a program for California residents for 11 of its vehicles (4 cars, 7 light trucks and SUVs) where the automaker will guarantee $1.99 premium fuel for consumers for a year. The estimated savings for an H2 Hummer driven 15,000 miles would be $2,270. It currently takes dealers 145 days to move an H2. How does the program work?

"The automaker will issue monthly prepaid debit cards to reimburse eligible customers the difference between $1.99 a gallon and the average price of premium gasoline in California — determined by AAA's monthly survey — even if they use cheaper regular."

Full story

Rick Wagoner Weighs In

What American auto company can trumpet its importance to the nation and highlight its plan to reduce its domestic production workforce by one sixth in the same editorial? The answer: GM.