Continental announces consumer tire price increases

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Continental Tire North America Inc. will raise prices on its replacement passenger and light truck tires effective Feb. 1, 2005.

Prices will be raised up to 6% on the company´s Continental, General, Semperit and private brand consumer tires, according to a Continental spokesperson. The price increases affect tire dealers in both the United States and Canada.

Last month, Continental´s Commercial Group announced it will raise prices effective Jan. 1, 2005. The increases will affect all truck and off-the-road brands and will range from 3% to 6%.

Continental is the fourth tire manufacturer to announce price increases for consumer tires.

* Bridgestone Firestone North American Tire LLC (and its sister company, Bridgestone/Firestone Canada Inc.): up to 5% effective Jan. 1.

* Yokohama Tire Corp.: 3% to 4% effective Dec. 31.

* Pirelli Tire North America: 3% to 5% effective in December.

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