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Monday, 16 June 2008 11:58

Chrysler Raises Prices, BMW Invests in the U.S.

CHRYSLER RAISES PRICES 2% TO COUNTER COMMODITY COSTS

Chrysler LLC, the third-largest U.S.-based automaker, said it will boost prices an average of 2 percent on all 2008 model-year cars and trucks because of rising costs for steel and other commodities. The increase will take effect on vehicles shipped to dealers starting June 16, Chrysler spokesman Stuart Schorr said. Chrysler's U.S. sales fell 19 percent in the first five months of this year.

BMW INVESTS $270 MILLION TO EXPAND U.S. OPERATIONS

BMW, the world's largest premium carmaker, is investing $270 million to expand its U.S. operations, it said on Friday ... BMW sold 336,000 vehicles last year in the United States -- the world's single largest luxury car market -- an increase of 7.1 percent and accounting for roughly 22 percent of total group sales.

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