TribLIVE

| Business

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

GM lowers Malibu prices to compete with Camry on Web

Email Newsletters

Click here to sign up for one of our email newsletters.

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.

Subscribe today! Click here for our subscription offers.

 

 


Show commenting policy

Most-Read Business Headlines

  1. Shale gas violations down as DEP steps up inspections
  2. Allstate patents driver analysis
  3. Macy’s prepares outlet stores
  4. Hackers have wide reach
  5. Trib Total Media puts 9 Western Pa. newspapers up for sale
  6. Fund fees within investor control
  7. ‘Rank and yank’ doesn’t meet all expectations
  8. US stocks pare losses after 1,000-point Dow plunge
  9. Bonuses on the rise, but fewer workers receive them, survey shows
  10. Federal Reserve Vice Chairman Fischer in spotlight as meeting nears
  11. Week yields lessons on China