GM to Offer Free Auto Insurance to Oregon and Washington Residents

Published on Fri, 07/08/2011 - 13:31
By Tim Tracy in General Interest, business, car insurance, finance, free, gm, investing, met, metlife, oregon, stock, trading, washington, News Update
business, car insurance, finance, free, gm, investing, met, metlife, oregon, stock, trading, washington

General Motors (NYSE:GM) plans to offer free auto insurance though MetLife (NYSE:MET) for one year to residents of Washington and Oregon who buy or lease a GM vehicle through September 6, according to Automotive News. GM is using the program as a test a new sales promotion.

General Motors has a potential upside of 38.7% based on a current price of $31.4 and an average consensus analyst price target of $43.55.

By Tim Tracy
ttracy@fnno.com

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