General Motors (NYSE:GM) introduced its "Total Confidence Program" in which the company will cover payments for customers who lose their income for a period of 24 months. The program will cover up to 9 payments of up to $500 per month during the first 24 months of new car ownership should the buyer lose their income. This follows a similar move just announced by Ford Motor Co. (NYSE:F) to cover payments of up to $700 per month up to a year for buyers of new Fords who lose their jobs. GM says their program is "unlike other programs out there."

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