Continental Tire Canada announces price increases

June 5, 2007

Continental Tire Canada Inc. will raise its consumer tire prices effective July 1, 2007.

The subsidiary of Continental Tire North America Inc. will increase prices up to 5.5% on all Continental, General and associate brand passenger and light truck tires in Canada. They will vary by market line and/or size.

Continental Tire Canada says details on the implementation of the price increase will be forthcoming.

The price increase is a result of "the escalation of transportation and other related operational expenses," according to the company.

Bridgestone Firestone Canada Inc. and Cooper Tire & Rubber Co. raised prices on their major and associate brand consumer tires up to 5% on June 1.