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Kumho announces price increase

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Kumho Tire USA Inc. is raising its passenger and light truck tire prices 4% and its medium truck tire prices 3% on March 1 next year.

"Increasing costs" make the price hikes necessary, according to a Kumho official.

Other tiremakers that have raised prices within the past two weeks include Bridgestone/Firestone Americas Holding Inc., Goodyear Tire & Rubber Co., Cooper Tire & Rubber Co. and Michelin North America Inc.

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