FONTANA, Calif. (April 25)—Kumho Tire USA Inc. said it will boost its tire prices by as much as 8 percent as of June 1.
The U.S. arm of South Korea´s Kumho Industrial Co. Inc. said the increase will cover its passenger, light truck and commercial truck tires. The price hikes will vary by tire model.
The Fontana-based company blamed rising raw material and shipping costs for the increases. The firm last boosted prices in October 2004.