GM may guarantee resale values

[Bruce Nunnally]

March 30 (Bloomberg) -- General Motors Corp. intends to offer incentives meant to reassure consumers that buying its vehicles is safe after the U.S. government said GM may need to restructure in bankruptcy, people familiar with the plans said.

The company will compensate buyers for lost resale value in the future, as well as let customers who lose their jobs return autos without penalty, said the people, who asked not to be identified before the program starts April 1. The incentives were designed before President Barack Obama’s auto task force asked Chief Executive Officer Rick Wagoner to resign, the people said.

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