GM Daewoo to up prices by 2 pct in S.Korea from Aug

Newswire

SEOUL, July 31 (Reuters) - GM Daewoo Automotive and Technology Co, South Korea's No. 3 automaker, said on Thursday it plans to raise car prices by an average of 2 percent for the local market from August due to higher oil and commodity prices. "Due to the recent jump in oil prices and continued rise of raw material prices, we have been forced to increase vehicle prices by a modest amount," Rick LaBelle, GM Daewoo Vice President of Vehicle Sales, Service and Marketing, said in a statement. ...

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