BMW Plans to Raise U.S. Car Prices by 1% to Counter Weak Dollar

Bayerische Motoren Werke AG, the world’s largest maker of luxury cars, plans to raise prices in the U.S. by 1 percent because of the weak dollar.  The increase for cars such as the X5 sports-utility vehicle and 5-Series luxury sedan will take effect on June 1st.

[Source: Btoomberg]