facebook
twitter
search
search

GM to raise prices in U.S. market

April 18, 2011 at 3:54 PM
| License Photo

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.

Like Us on Facebook for more stories from UPI.com  
Latest Headlines
Top Stories
Bleak outlook for oil has Russian investors pulling back
Shoot-from-the-hip, around corner sighting capability unveiled
Rhode Island to get offshore wind farm
Oil prices off slightly after China stock market decline
Airbus Helicopters announces factory acceptance of training aircraft