General Motors has launched an employee and retiree discount program in the United States that now covers workers' aunts, uncles and other extended family. The new program also offers bigger discounts to eligible employees and retirees, according to GM documents. Employees, retirees and their families could now receive a 4 percent discount of the invoice price, plus the destination charge and a $150 program fee.
The program covers most Chevrolet, Buick, GMC and Cadillac models. Under the previous discount program, cut offs were calculated under a more complex formula and fluctuated by model. According to GM documents, the new program is simpler and is a more transparent deal offering "even bigger savings for you and your extended family." For instance, an employee buyer could save another $649 on a 2014 Cruze 2LT compared with the previous program.
The new system also provides $528 in additional savings on a 2014 GMC Terrain SLE-2.
The program now permanently covers aunts, uncles, nieces and nephews, in addition to spouses, parents, children and siblings. In the past, discounts are offered to extended family only occasionally and on a month-to-month basis.
As of Dec. 31, 2012, GM had 80,000 US hourly and salaried workers and 509,000 retirees and their spouses. A spokesman for GM confirmed that the new program was introduced as "a response to feedback from employees and a desire to simplify the business and make life easier for dealers." The new program is expected to boost business for dealerships near GM plants and facilities. [source: General Motors]