Hankook to raise prices
Hankook Tire America Corp. will raise its passenger, high performance, light truck and medium truck tire prices by 3% on Oct. 1.
"The increase reflects Hankook's rising costs in raw materials, shipping and general operations," says Bill Bainbridge, Hankook's marketing director.
Yokohama Tire Corp. and Pirelli Tire North America also are raising prices on Oct. 1.
Yokohama will boost its passenger, high performance and light truck tire prices up to 5% and Pirelli will follow suit with its passenger and light truck tires by up to 4%.
Kumho Tire U.S.A. Inc. will hike prices on its passenger, light truck and commercial tires between 3% and 5% on Nov. 1.