Yokohama announces price increase

Dec. 1, 2003

Yokohama Tire Corp. will raise prices on its commercial tire lines from 3% to 5% on Jan. 1, 2004.

Medium radial truck, OTR and light truck commercial tires will be affected.

Yokohama cites escalating business expenses as the reason for the increase.

Goodyear Tire & Rubber Co. raised prices on its consumer tires from 2% to 3% and commercial tires from 4% to 6% today.

Continental Tire North America Inc. also increased medium/heavy truck and OTR tire prices from 3% to 5% today.

Bridgestone/Firestone North American Tire LLC will hike consumer, medium truck, bus, farm and OTR tire prices up to 5% on Jan. 1.

Michelin North America Inc. will raise prices on select passenger and light truck tires up to 5% on Feb. 1, 2004.