Goodyear to raise consumer tire prices in US

Akron, Ohio – Goodyear intends to raise prices on “select consumer tire lines” in the US, with most to go up by 3%, the company has announced.

The increase, which takes effect 1 Sept and covers all Goodyear brands, is “in response to rising costs,” said a Goodyear statement.

In its most recent financial report, Goodyear cited higher-than-expected increases in raw materials costs, unfavourable foreign currency swings and softening market conditions in China for lowering its second-half and fiscal 2018 earnings outlook by roughly 20%.

The Akron-based tire…

To read more,please login or register below.

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