GM is the latest automaker to raise pricesPosted: April 20, 2011
General Motors (GM) became the latest automaker to announce a price increase. Bloomberg reports that GM is raising prices 0.4% (about $123 per car). Toyota and Ford announced comparable price hikes over the past three weeks. GM blames higher commodity prices for the increase.
The stock is currently trading at a post-IPO low.
Disclosure: author owns shares in GM