Chrysler offering 0% financing

HIGHLAND PARK, Mich. Chrysler Corp. on Monday began offeringinterest-free, two-year loans on all of its cars and some lighttrucks, in an escalation of the latest round of buyer incentives fromthe automakers.

The move came after Ford Motor Co. dropped its interest rate for24-month loans to 2.9 percent last Wednesday and General Motors Corp.followed that lead a day later.

"Let's put an end to one-upmanship right now," said BennettBidwell, chairman of Chrysler Motors Corp., the company's carmakingarm.

Interest-free automobile financing was last offered for a monthin September, 1986, by American Motors Corp., which Chrysler boughtless than a year …