ERJ staff report (DS)
Beijing, China -- Michelin (China) Investment Co., Ltd is increasing the prices of passenger car and light truck replacement tyres from 3 percent to 7 percent depending on its different brands (Michelin, Warrior, BF Goodrich) and product ranges. This price increase will be effective in June.
Michelin said the increase was due to higher raw material costs.
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Press release from Michelin