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June 05, 2008 02:00 AM

Goodyear to hike tire, retread product prices

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    AKRON (June 5, 2008) — Goodyear will raise prices on its commercial tires up to 9 percent, effective July 1.

    Goodyear, Dunlop and Kelly brands in North America will be affected by the increase, the Akron-based tire maker said.

    The company also increased prices June 1 by 9 percent on commercial retread rubber prices and 12 percent on over-the-road tread rubber products.

    Goodyear attributed the increases to rising raw material, energy and transportation costs. The company said it last raised commercial tire prices up to 7 percent on April 1.

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