DETROIT -- General Motors is offering the 1.37 million U.S. owners of cars recalled for a faulty ignition switch a $500 cash allowance toward the purchase or lease of a new car, and is advising dealers to offer loaners to concerned customers.
In a March 4 notice to dealers, posted today on the National Highway Traffic Safety Administration Web site, GM said the cash offer is good toward any 2013-2015 model year Chevrolet, Buick, GMC or Cadillac.
"GM will not market or solicit owners using this allowance," the notice reads. "We ask that you not market to or solicit these customers either. This allowance is not a sales tool; it is to be used to help customers in need of assistance."