GM isn't wasting any time taking advantage of Toyota's weakened position after its massive recall and sales stoppage. The General has just announced new incentives for current Toyota customers.

In a phone call to Inside Line, a GM official said the new offer consists of zero percent financing for 60 months on most Chevrolet, Buick, GMC and Cadillac models. Cash buyers get $1,000 toward a down payment and lease customers can get a relinquishment of three payments up to $1,000.

To remember for the incentives, customers must show proof that they own or lease a Toyota.

This is starting to get interesting.