In seeking proposals to manage its initial public offering, the automaker asked banks to consider using some of the underwriting fees to subsidize the purchase of GM vehicles.
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Limited-run Grand Cherokee goes on sale before new model arrives.

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200th anniversary GT edition brings 200bhp engine to 308 range.

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BMW vehicle sales in China passed 75,000 units in the first half of this year, making the market the automaker's third largest.
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Fiat S.p.A. aims to keep its environmental lead in Europe by selling what it claims to be the world's most fuel-efficient gasoline engine.
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Now in its fifth year, the London based supercar show is gearing up for its most spectacular event to date.

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In this interview, Matthew Beecham talked with executives of Lear Corp about the use of eco-friendly materials in the cabin, consumer expectations and Lear's most recent innovations.
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Europe may have long resisted the automatic gearbox, but new environmental and fuel efficiency legislation combined with major advances in electronics and manufacturing techniques are paving the way for a flood of new automated transmission technologies according to research from industry website just-auto.com.
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Rebranding of US$100bn auto consumer and dealer finance company GMAC to 'Ally' in the US, Canada and Mexico will start next month.
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Rebranding of US$100bn consumer and dealer-related fianmamce company GMAC to Ally in the US, Canada and Mexico will start next month.
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Iran's government has sold 18% of automaker IranKhodro Company (IKCO) for a value of US$1.3bn.
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The scene is the Bavaria film studios, south of Munich; the setting is a pavement café; it could be Paris, Madrid or just about anywhere in Europe. The action centres on the fully redesigned Volkswagen Sharan which a woman wants to park in an impossibly small gap between two cars parked outside the café.
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In today's economically turbulent times, new car buyers want the security of a "lifebelt", according to Chevrolet UK managing director Mark Terry.
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The British have never had the weather, the space or the car culture necessary for drive-in movies. But they've all seen "Grease," and the romance of the drive-in is firmly implanted in the popular psyche.
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Mini's latest model, the Countryman, will help the brand reach sales of 300,000 'in the near future,' CEO Wolfgang Armbrecht said. The BMW-owned brand sold 216,000 units last year.
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Last year the Hyundai and Kia group overtook Ford as the number four carmaker in the world with sales of just over 5m vehicles. It was only by a small margin but it was important, according to a senior European executive at the fast-rising Korean conglomerate.
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The final bid deadline for troubled South Korean carmaker Ssangyong Motor has been extended by three weeks to give interested parties more time to carry out due diligence.
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Ford said it remains committed to sustaining profitability in a weaker European industry as it maintained its position as Europe's second best-selling passenger car brand for the first half of 2010.
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With the current economy the last thing you need is for your vehicle to break down. Whether your driving a reliable car or a busted up