ROME, Ga. (Aug. 15, 2008) — Pirelli Tire North America Inc. will hike prices up to 7 percent on its passenger and light truck tires in the U.S., effective Nov. 1.
Pirelli said the increase is necessitated by rising raw material, energy, transportation and logistics costs. The tire maker last raised its prices on passenger and light truck tires in the U.S. up to 5 percent on June 1.