GM Increases Prices on Most of its Models

GM announced today that it is going to increase the prices on most of its 2008 models to make up for the rising cost of steel and other commodities.

On average most of the models will receive a 1.5 percent increase, although some models like the four-cylinder Saturn Aura and the base model of Chevrolet’s new Malibu sedan will escape the price increase.

“This targeted price increase is designed to partially recover ever-increasing commodity costs,” Mark LaNeve, GM North America vice president of vehicle sales, service and marketing, said in a statement. On average GM vehicles will increase between $100 to $500.

The price increases will not be added to vehicles that are already on dealer lots.

Full Story: The Detroit News

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