Ford (F) Announces Third Price Hike of 2011

May 27, 2011 12:30 PM EDT
Shares of Ford (NYSE: F) are vacillating between positive and negative territory Friday following word the Dearborn, MI-based automaker has increased prices for the third time this year.

According to a spokesperson, Ford has boosted prices about 0.4 percent, or $124 per vehicle. The hike for all three price revisions totaled 1.3 percent, or about $375 per vehicle.

Ford increased prices in April by about $117 per vehicle, in addition to the $130 tacked-on in January.

The stock last traded at $14.58, up 0.15 percent from Thursday's closing price.


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