FULLERTON, Calif. (March 3, 2011)—Yokohama Tire Corp. is increasing prices by an average of 8 percent on its light and medium commercial truck tires sold in the U.S. as of April 1.
There will be in-line adjustments, as well, which will be announced later, Yokohama said.
The U.S. arm of Japan's Yokohama Rubber Co. Ltd. pointed to the rising cost of raw materials as the main reason for the increase, and also noted manufacturing and transportation expenses have grown.