GM Raising Prices, Slightly

To combat increased material costs, GM is raising prices on a third of its 2007 models. The price bumps will be small, between $60 and $425, with most falling in the $90 - $120 range. The main reason for the move is the rising cost of steel, though GM says it also includes “other commodities.” We don’t believe the well-documented health care costs GM is experiencing is factored into this price hike. Small price hikes like this are also common among import manufacturers.

[GM Raises Some U.S. Auto Prices, Cites Commodities, Reuters via Autoblog]

Comments

How about this, instead of buying foreign steel at higher costs why doesn't GM try buy American steel ? I know that there is plenty of steel being produced here in the U.S. and I would be willing to bet that it would be much cheaper to purchase and transport that foreign steel is.