GM, After 16% Sales Dive, Eases Finance Options

General Motors is offering no-interest financing for up to 6 years on a selection of its 2008 automobiles in an effort to boost US sales, which plummeted 16% in May, Bloomberg reports. Soaring gas prices have hurt sales across the board, and falling trade-in values and general tightening of purse-strings have left fewer Americans looking for new cars.

"This is always a great promotion and really does drive traffic,'' the sales manager at one Nebraska lot said today. "We expect to see a good-size bump in sales.'' (More General Motors stories.)