DETROIT, Dec 18 (Reuters) - General Motors Corp said on Tuesday it will increase prices by an average of 1.5 percent on most of its 2008 model year vehicles to recover rising steel and commodity costs.
The price increases are effective for vehicles invoiced to dealers on and after Dec. 19.
"While most cars and trucks in our portfolio will go up between $100 to $500, 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.
