General Motors prepared to raise prices to offset commodity price jump

General Motors prepared to raise prices to offset commodity price jump

6 years ago
Anonymous $RBasgWKaIV

https://www.cnbc.com/2018/07/25/general-motors-prepared-to-pass-along-raw-materials-costs-to-consumers.html

Raw materials are getting pricier for General Motors and a new car could soon cost you more too.

The largest U.S. automaker on Wednesday said it's prepared to pass along a jump in commodity costs this year that it said was more than it expected. The pricier raw materials and unfavorable exchange rates in Brazil and Argentina will cost it $1 billion this year.