Michelin to Raise Prices in Europe

Continuing cost increases in the raw material, energy and transportation sectors mean manufacturers’ price rises are also inevitable, and following the increases on July 1 for earthmover tyres and from August 1 for agricultural tyres, Michelin will raise its passenger car, light truck and truck and bus tyre prices as of October 1, 2008. These new prices will be implemented in most European countries, says Michelin, with increases on average ranging from three to five per cent.