Tire price rises continue in Europe

London – Higher costs of raw materials, particularly natural rubber, has prompted further price rises by major tire-makers in Europe.

While Michelin announced an 8% increase in prices in Europe earlier in February, Goodyear is now planning a similar increase for consumer and commercial tires sold in the region. Continental is also moving to offset the impact of higher costs on its products.

During a fourth quarter conference call on 8 Feb, Goodyear CEO and president Richard Kramer said the price rise would be 8% and effective…

To read more,please login or register below.

This is the first step to more free
content, user offers, subscriptions
and more.
Log in here using the Email Address
and Password you signed up with