SHARE THIS ARTICLE

The first shots have already been fired in what could be an escalating "price war" between major automakers in the U.S. market, according to Hyundai Motor Co.'s top U.S. executive.

"I think we can officially say that a price war broke out in the industry," John Krafcik, CEO of Hyundai Motor America, said on the sidelines of the Chicago auto show. "There is apparently a lot of pressure to deliver sales results."



2011 Chicago Auto Show Photo Gallery

2012 Mercedes-Benz C63 AMG Photo Gallery


2012 Fiat 500 Photo Gallery

2011 Chrysler 200 and 300 Launch Photo Gallery

2012 Pagani Huayra Photo Gallery


AutoSpies.com Photo Galleries

If you want to see your photos running on our homepage photo ticker, be sure to upload your photos on the go by sending them to Mobile@AutoSpies.com

Share on Facebook


 


Read Article


Escalating Price War Sets Stage For More Incentives In 2011

About the Author

Agent009