GM Raising Prices

Well it’s not by that much, but GM has said it will raise prices on its 2007 models to compensate for the increased cost in materials. GM spokesman John McDonald said that the company will raise prices in the range of $60 to $425 with majority of the prices being in the $90 to $120 range. He said that the price increase¬†averages about 0.5 percent per car.

Source: Reuters

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