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Giti Will Raise Consumer and Truck Tire Prices

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Giti will raise consumer and medium truck tire prices by up to 8% in May.

Giti Tire (USA) Ltd. plans to raise passenger and medium truck tire prices in May.

The tiremaker says it will raise the price on all "Giti-produced" passenger, light truck and truck bus radial tires sold in the U.S. by up to 8%.

The company the hike is in response to "the continued increase in raw material costs and other business and operational expenses."

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