Mary Barra

GM Says Iran War Driving Up Costs But Vehicle Demand Remains Strong

General Motors said Tuesday the Iran war is increasing costs but consumer demand for pricey vehicles remains healthy, with an average transaction price of $52,000 in Q1. The automaker expects $1.5-2 billion in increased commodity and freight costs for the year, though CEO Mary Barra said the company hasn't seen shifts in vehicle mix despite record-low consumer confidence in April. GM is diverting vehicle shipments to the U.S. from the Middle East and managing tighter inventories on full-size pickups.