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GM Exec: Car Prices Could Jump

DETROIT -- U.S. automobile prices could rise significantly in the near future because of industry restructuring and rising raw material and regulatory costs, General Motors Corp.'s chief financial officer said Tuesday, according to the Associated Press.

Fritz Henderson said the industry has less manufacturing capacity than in the past and therefore less pressure to sell vehicles cheaply just to move inventory.

It also faces higher raw materials costs, rising technology costs and increased costs from fuel economy and other government regulations, he said.

Posted by Peter C. T. Elsworth  at 10:41 AM to GM | Permalink

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