FULLERTON, Calif. (Dec. 3, 2007) — Yokohama Tire Corp. is set to hike prices on its consumer, medium truck, commercial light truck and off-the-road tires, effective Jan. 1.
The increases will be as follows: consumer tires, up to 7 percent; medium and commercial light truck, up to 4 percent; and OTR, up to 5 percent. All three divisions will include in-line adjustments, which will be announced later, Yokohama said.
The Fullerton-based firm attributed the increases to rising costs for raw materials and energy as well as transportation.