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GM Hiking Price On 2009 Models
By Indiana's NewsCenter

Cash-strapped General Motors is expected to raise prices on its 2009 models.

Officials with the automaker say they are raising the prices on '09 models by an average of three-point-five percent.

That's despite the tough market that's forcing GM to cut production and discount its 2008 models.

Officials say the increases will allow GM to recover only part of the rising cost of steel and other commodities, as well as the cost of safety and other features on the new models.

The increases will cost you about a $1000 more per vehicle.

 
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