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The skyrocketing cost of commodities like steel and aluminum have pushed several automakers to raise the price of 2009 models. Hyundai is bumping the price of its 2009 models an average of two-percent to help cushion the blow in Korea and in the States. The price of steel has risen 60 percent in a ...
The Tata Nano exudes frugality, and when you're trying to build a capable vehicle for a paltry $2,500, that's not exactly unexpected. Unfortunately for the Indian automaker, the quickly rising cost of steel may thwart plans to hit the magic price-point. The price of steel has risen by 50 percent in ...
A few years ago, high(ish) gas prices and fierce competition had Detroit automakers talking about the "perfect storm" that the domestic industry was facing. Fast forward to 2008 and the entire auto industry, not just U.S. automakers, is in a full-blown tsunami. Gas is $4 per gallon, the U.S. is ...