Toyota Raising Prices On Some Models |
| Posted by Administrator (admin) on May 15 2008 at 2:00 PM |
May 8, 2008—TOKYO — Toyota Motor, the world's second-biggest automaker by annual vehicle sales, is raising its prices on some U.S. models later this month amid increased worries about its profit growth in the American market. The price increases, which will start in the middle of May, include a hike of $200 on the 2008 Yaris sedan, which will cost $12,425. The 2009 Camry will go up $200 to $18,920, the automaker's U.S. unit said in a statement released Friday. The hybrid Camry, introduced as a 2007 model in late 2006, will cost $300 more, at $25,650, Toyota said. Toyota faces a challenge in maintaining profits partly because of the recent decline in the dollar, which erodes the value of overseas earnings of Japanese exporters.
Back