GM to raise prices on 2008 vehicles
SAN FRANCISCO, Dec. 18, 2007 (Thomson Financial delivered by Newstex) — General Motors Corp. (NYSE:GM) late Tuesday said it will increase prices of most of its 2008 model year vehicles by an average of 1.5% to help offset increasing steel and commodity costs.
The price increases are effective with vehicles invoiced to dealers on and after Dec. 19, 2007. Some vehicles will not see a price increase, GM said.
The Detroit-based automaker’s shares closed the regular session up 53 cents at $26.92.
Brigid Gaffikin
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