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Continental to raise consumer tire prices

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Continental Tire North America Inc. (CTNA) has announced a price increase of up to 7% on all Continental, General and proprietary brand passenger and light truck tires sold in the U.S.

The price increase is a result of the escalation of transportation, energy and raw material costs, the company says.

The price increase will vary by market line and/or tire size and will be effective April 1, 2008.

As previously announced, Goodyear Tire & Rubber Co. will raise prices on all of its passenger and light truck tires up to 7%, effective Feb. 1. Increases will be for all Goodyear, Kelly and Dunlop brand tires sold in North America.

Also effective Feb. 1, Kumho Tire U.S.A. Inc. will raise its consumer tire prices by up to 8% and Cooper Tire & Rubber Co. will raise its consumer tire prices up to 5%.

Continental had previously announced truck tire price increases of up to 6% effective on Feb. 1.

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