South Korea’s GM Daewoo Auto & Technology Co. says it is raising domestic vehicle prices by an average 2.0% to offset increased material costs. The announcement follows a similar decision by Hyundai Motor Co. Ltd. and Kia Motors Corp. to hike their prices an average 2.0%. GMDAT does not say whether the price increases also will apply to exported vehicles, but analysts believe they will, as domestic sales account for less than 10.0% of production at the auto maker’s plants in ...
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