GREENVILLE, S.C. (Jan. 3, 2008) — Michelin North America Inc. will raise prices on its replacement passenger, light truck, earthmover and industrial tires during the next few months.
Private and associate passenger and light truck tires under the Michelin, BFGoodrich and Uniroyal brands will increase in price by up to 7 percent in the U.S. on March 3.
Earthmover and industrial tires sold in the U.S. and Mexico, including those on back order, will rise an average of 3 percent in price, effective Feb. 1.
Higher costs for raw materials, transportation and energy were cited as the cause of the price increases.