Welcome to www.chinabuses.org
Make chinabuses.org your homepage
Position:news > buses > Price of Engine Raises

Price of Engine Raises

2008-08-28    Source:english.chinabuses.com

Soaring raw material prices are pressuring engine makers, and most of them are mulling price raises with 10 and 15 percent recently.


Steel comprises 98 percent of an engine. Skyrocketing iron ore prices will undoubtedly affect engine makers' purchasing costs. Experts believe that at least a 10 percent rise in engine prices could offset engine makers' rising costs.


Related China Bus News