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CTNA will raise prices in U.S. and Canada

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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.

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