Retail

BFNT announces across-the-board price hikes

Order Reprints

Bridgestone Firestone North American Tire LLC (BFNT) will raise prices on its Bridgestone, Firestone and associate brand passenger, light truck, medium truck, bus, farm and OTR tires up to 8% on March 1.

Hikes will affect BFNT's replacement, original equipment and export channels.

"The continuing unprecedented upward spiral of energy and raw material costs makes this action necessary," says Asahiko “Duke” Nishiyama, vice chairman and president of BFNT.

"This unrelenting escalation of costs is simply not a situation that can be managed through the enhanced efficiencies and increased productivity that we are continually implementing at all levels of our company. As a result, we have no choice but to implement this price increase."

Related Articles

Five New Members to Join TIA Board

Accuride announces net gain in 1Q

The Power of Perseverance: Past Tire Dealer of the Year Award Winners Keep Moving Forward

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