FORT MILL, S.C. (Dec. 1, 2009)—Continental Tire North America Inc. plans to raise prices by up to 5 percent on all Continental, General Tire and proprietary brand passenger and light truck tires in the U.S.
The price hikes will vary by market line and/or tire size, according to the tire maker.
Continental said the hikes will be effective Jan. 1 for the U.S. market. The firm needed to boost prices because of rising costs, it said.