WAYNE, N.J. (Nov. 16)—Hankook Tire America Corp. said it will boost tire prices 3-5 percent Jan. 1.
The increase will cover Hankook´s complete line of passenger, high performance, light and medium truck tires. The Wayne-based division of South Korea´s Hankook Tire Mfg. Co. Ltd. blamed rising costs for raw materials, shipping and general operations for the price hike.