WARRENVILLE, Ill. — IC Corporation will increase new bus prices for 2008 by between $2,500 and $3,000 in response to rising commodity prices, according to John McKinney, vice president and general manager.

“High oil prices negatively impact rubber and plastics prices,” McKinney said. “With metals in short supply and a weak U.S. dollar boosting prices from overseas suppliers, we have no other choice but to raise prices.”

McKinney noted that while the company doesn’t have ultimate control over the increase in worldwide commodity costs, it can control its manufacturing process.

“We continue making improvements to be as efficient as possible in our production facilities so that we don’t pass the full effect of the commodity increases on to our customers,” McKinney said.