CTNA will raise prices in U.S. and Canada
Continental Tire North America Inc. (CTNA) will raise prices on its Continental, General and proprietary brand passenger and light truck tires sold in the United States and Canada up to 9%.
In the U.S., hikes will go into effect on July 1. In Canada, they will go into effect approximately one month earlier. Increases will vary by market line and/or tire size.
"This price increase is a result of the escalation of transportation, energy and raw material costs," says Andreas Gerstenberger, executive vice president of marketing and sales, for CTNA's PLT (Passenger and Light Truck) unit.