TribLIVE

| Business


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

GM lowers Malibu prices to compete with Camry on Web

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

GM $28.57 +$0.10

at close on FRIDAY

By Tim Higgins C.2013 Bloomberg News
Saturday, Feb. 9, 2013, 12:01 a.m.
 

General Motors Co., in an effort to make its Chevrolet Malibu more appealing to online car shoppers, lowered the car's price by as much as $770 to compete with better-selling midsize sedans. The segment includes five of the 20 most popular vehicles.

The entry-level Malibu's starting price was reduced by $345 to $21,995, which excludes an $810 freight charge, GM said. The Toyota Camry, the top-selling car, begins at $22,235 before a $795 handling fee, according to Toyota Motor Corp.'s website.

Malibu U.S. sales rose 7.8 percent in January while the Camry increased 13 percent, according to researcher Autodata Corp.

 

 
 


Show commenting policy

Most-Read Business Headlines

  1. Amusement parks fight off home entertainment threat
  2. S&P 500 logs 47th record high close for year
  3. Caution creeps into economic picture as consumer, business spending taper
  4. BNY Mellon trader fired in conduct probe
  5. State officials prompt UPMC, Highmark to go to mediation to resolve Medicare dispute
  6. Lower gasoline prices fail to spur consumer spending
  7. Federal agency checking whether Highmark has enough doctors in Medicare plan
  8. Retailers that won’t open on Thanksgiving hope move pays off
  9. Westinghouse to construct colossal nuke plant in Turkey
  10. Small businesses’ dilemma: Keep costly health care coverage or lose talented workers
  11. Axed contracts push doctors from network, UPMC says
Subscribe today! Click here for our subscription offers.