Ecuador: GM automotive to raise prices due to new government tariffs

Posted on July 16, 2012 • Filed under: Business, Economy, Ecuador

More automotive brands continue to update their price lists in the wake of the import quotas imposed by the Government and the new tariffs fixed to the CKD (parts and components) for the national assembly. A firm that in recent days changed their prices is General Motors (GM), which assembles several models in Ecuador and has the largest market share (42.40% at the end of 2011). The company moved to its dealers new values ​​for most of its models, both imported and those assembled in the country. Read Article

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