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GM to announce longer warranties on vehicles-source


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By Poornima Gupta

 

DETROIT (Reuters) - General Motors Corp. is planning to offer longer warranties on its vehicles in an effort to boost consumer confidence, a person briefed on the plan told Reuters Wednesday.

 

GM said its Chairman and Chief Executive Rick Wagoner will announce a major consumer initiative on Wednesday afternoon. A news conference was scheduled for 1 p.m.

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