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.
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TEL AVIV, Israel, May 17 (UPI) --Nobel Energy of Houston, which discovered Israel's big gas fields in the eastern Mediterranean, is pressing the government to decide soon on an energy export policy as the prospect of an undersea pipeline to Turkey gains credibility.