General Motors Co. says it will raise prices by an average of $123 per vehicle to make up for higher oil and metal costs. Get the full story »
Inside these posts: Auto prices
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Higher materials costs drive Ford to raise prices
Bloomberg News | Ford has raised prices $117 per vehicle to offset higher costs for materials, particularly steel.
Ford resumes Fiesta shipments after parts glitch
Ford Motor Co. has resumed shipments of the Fiesta after temporarily halting them over a faulty part.
Ford, GM see car sales rise slightly in July
U.S. auto sales ticked higher in July in an uneven recovery that left Toyota Motor Co. and Honda Motor Co. sputtering with declines from strong year-earlier results.
By contrast, the two U.S. automakers run through government-funded bankruptcies last summer, General Motors Co. and Chrysler, posted sales gains of 5 percent each.
Ford Motor Co. only kept pace with a 5 percent gain excluding results for its now-sold Volvo brand, disappointing investors who had hoped for an outsized gain for the only U.S. automaker to have avoided a bailout. Get the full story »
Car companies making more on each vehicle sold
While sales of cars and trucks in the U.S. continue to be more sluggish than expected, automakers – especially the Detroit Three — are seeing the largest increase in average transaction prices in more than five years.
Industrywide, consumers spent an estimated average of $29,217 on a new car or truck from January through May, an increase of $1,057, or 3.7 percent, from last year, according to estimates provided by Edmunds.com. Edmunds’ estimate is based on a sampling of data from about 40 percent of U.S. dealers. Get the full story »
