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Inflation

Mazda and Mitsubishi Motors to lift prices in Japan

Medium-size automakers 'can no longer bear' rising costs

Mazda will raise the prices of two models, including its main compact car, the Mazda3, by about 3%. (Photo by Ryotaro Yamada)

TOKYO -- Mazda and Mitsubishi Motors vehicles will cost more in Japan come fall as the nation's medium-size automakers begin passing on their rising raw materials costs and adjust to the weakening yen.

Mazda will raise prices for two models, including the flagship Mazda3 compact, by about 3%. Mitsubishi Motor's price hike will also be 3% and will apply to the Outlander PHEV, its mainstay SUV.

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