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Oil and Gas Energy News Update

Friday, July 8, 2011

GM to Offer Free Auto Insurance to Oregon and Washington Residents

- GM to Offer Free Auto Insurance to Oregon and Washington Residents



Jul 8, 2011

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.

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