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BMW Raising Prices, Will Cancel X7 Large SUV

August 11, 2008

MUNICH, GERMANY - Despite bright spots such as the X6 selling out its first year of production,like most automakers BMW has seen its sales decline recently and islooking to cut costs as raw materials become more expensive. Havingalready raised the MSRPs on U.S.-bound models in June, now CEO NorbertReithofer said that as the changing American market forces further policyshifts, the company will implement additional price hikes for this year and thenext, as well as cancel development of its X7 large SUV, according towot.motortrend.com.

 

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