Michelin announces price increases

Order Reprints

Michelin North America Inc. announced it will raise tire prices for the second time in a year.

Effective August 1, Michelin will increase prices on its MAST (Michelin Americas Small Tires) brands by "up to 5%." In an official statement, the company says the increases are necessary "due to the continuing increase in raw material, manufacturing and logistics costs."

Goodyear Tire & Rubber Co. announced it was raising prices on most of its Goodyear, Kelly and Dunlop brand passenger and light truck tires up to 4% effective June 15. Aquatred 3 passenger and bias light truck tire prices will be raised by 5%.

Goodyear said it was raising prices to compensate for "unprecedented energy cost increases" and "increased labor cost due to the pattern agreement established by Bridgestone/Firestone Inc." and the United Steelworkers of America last year.

Related Articles

Accuride announces net gain in 1Q

Sales Makers or Order Takers? How to Determine 'Who’s Who' on Your Team

Mergers, E-commerce and More: Chip Wood’s Take on Five Hot Topics

You must login or register in order to post a comment.