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GM plans to auction new cars on eBay (People’s Daily)

General Motors Corp.(GM) plans to experiment with auctioning new cars on eBay, according to media reports Sunday. GM is working on an “innovative new partnership” with eBay Inc. to let consumers in California bid on vehicles as they would in a normal eBay auction, or choose a “Buy it Now” option to purchase the car at a set price, said GM CEO Fritz Henderson. A deal between eBay and GM hasn’t …

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