Ford UK raises car prices by four percent

Newswire

LONDON, June 24 (Reuters) - Ford Motor Company in Britain will raise car prices by an average 4 percent on July 1, it said on Wednesday, blaming sterling's 20 percent fall against the euro since 2007. "The cost impact of this drop, on a car priced at 15,000 pounds ($24,850), is close to 3,500 pounds, which has to be absorbed by the business," Nigel Sharp, managing director of Ford in Britain, said. "The total revenue impact has been huge -- well into nine figures -- on Ford's UK ...

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