Michelin to Raise Prices on Passenger, LT Tires in July

(Akron/Tire Review) Michelin North America (MNA) has announced price increases affecting passenger and light truck tyres. OE and replacement tyre prices for Michelin, BFGoodrich, Uniroyal and private and associate brands sold in Canada, Mexico and the US will increase by up to 8 per cent, the tyre maker said. The increases are effective in July and result from “continuing increases in raw material costs,” according to MNA.