Toyota to raise U.S. car prices by 0.81 pct
TOKYO, July 26 (Reuters) - Toyota Motor Corp (7203.T), the world's largest automaker, said it will raise the prices of its 13 models, including Scion vehicles, in the United States by an average $181 or 0.81 percent.
Auto manufacturers around the world have been trying to pass on rising costs of raw materials with price increases.
Prices of the popular Prius gasoline-electric hybrid will increase by an average $500 or 2.2 percent to range between $22,000 and $24,270, Toyota said.
Rival Honda Motor Co Ltd (7267.T) on Friday reported quarterly earnings that beat market expectations, but it cut its annual profit and global car sales forecasts as it battles with soaring materials prices and a crumbling U.S. auto market. (Reporting by Kiyoshi Takenaka; Editing by David Fogarty)
