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GM to raise prices in U.S. market

April 18, 2011 at 3:54 PM   |   Comments

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DETROIT, April 18 (UPI) -- General Motors said Monday that higher production costs had forced it to raise prices for nearly all the cars it sells in the United States.

The average price hike would be $123 per vehicle, company spokesman Tom Henderson said.

The Boston Globe reported Monday that Toyota Motor Corp. also raised prices recently for 2011 Scion and Lexus vehicles with prices increasing between 1.2 and 2.2 percent.

GM said rising oil and metal prices had pushed it to raise its prices.

© 2011 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
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