FORT MILL, S.C.—Continental Tire the Americas L.L.C. plans to raise prices by as much as 8 percent in the U.S. and Canada. The increase affects its Continental, General, and AmeriSteel brand truck tires and will take effect March 1.
Conti said the price hike is in response to the continued escalation of raw materials, energy and logistics costs associated with the production and distribution of radial truck tires.
The tire maker is the 12th U.S.-based manufacturer, importer or distributor to announce a price increase since the start of 2017.