Ford Hikes Prices in U.K.
Ford Motor (F) has decided to raise prices by an average of 2.7% of its vehicles sold in the U.K. for the fourth time of the year. The decision was backed by the continuous depreciation in the value of pound with respect to euro (30% compared to 2007) as the automaker sources most of its component parts, other than smaller capacity engines and Transit vans, from Europe.
The hike, which will take effect beginning this month, will raise prices between
