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Michelin to Hike Consumer, Commercial Tire Prices

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Price hikes will apply to products sold in the United States and Canada across all of Michelin North America Inc.'s brands.

Michelin North America Inc. will raise its passenger and light truck tire prices between 5% and 12% and its on- and off-road commercial tire prices up to 12%, effective June 1.

Increases apply to products sold in the United States and Canada across all of Michelin's brands.

"Price changes may vary across specific products, channels and countries within each brand portfolio," say Michelin officials.

"Details will be presented to dealers, end users and commercial equipment manufacturers by May 15, with additional questions addressed directly through account managers."

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