GM Announces Price Increases to Partially Recover Rising Commodity Costs

“This targeted price increase is designed to partially recover ever-increasing commodity costs. While most cars and trucks in our portfolio will go up between 100 to 500 dollars, in hotly contested segments, many vehicles such as the Saturn Aura four-cylinder and the all-new Malibu LS will have no increase,” said Mark LaNeve, GM North America vice president, Vehicle Sales, Service and Marketing. “With our award-winning designs and the best warranty coverage of any full-line manufacturer, our 2008 vehicles remain the best value in the market place.”

Price increases will range from $0 on the 2008 Chevrolet Malibu LS to $1,500 on the Cadillac XLR luxury sports coupe. Importantly, this price increase will not affect vehicles already in dealer inventory, which continue to be available to customers until the end of the year during the GM Red Tag Event.-General Motors