CYPRESS, Calif. (Nov. 22)—Toyo Tire USA Corp. said it will raise its tire prices on Jan. 1. The U.S. arm of Japan´s Toyo Tire & Rubber Co. Ltd. will boost passenger, light and medium truck tire prices by 3 to 5 percent, and off-the-road tire prices by 1 to 2 percent. The company didn´t give a reason for the increases. Bridgestone/Firestone North American Tire L.L.C. and Pirelli Tire North America Inc. recently announced price hikes of up to 5 percent, effective Jan. 1. Japanese-owned competitor Yokohama Tire Corp. is boosting prices on Dec. 1.
Toyo to raise tire prices Jan. 1
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