Michelin to raise BFG truck tire prices by up to 4 percent

PARIS (Oct. 25) — Michelin North America Inc. is raising prices on certain BFGoodrich truck tires by up to 4 percent, effective Nov. 1. Michelin did not specify with BFG-brand SKUs would be affected. The announcement, made in Group Michelin's third quarter financial report, follows by a few weeks Goodyear's announcement it was going to raise prices 4 percent on Goodyear-brand medium truck tires, effective Oct. 15. At the time, it cited dramatic increases in raw material costs, primarily natural rubber.