BUSINESS BRIEFING : AUTOMOTIVE : Goodyear plans tire price hike
Times Wire Reports
Goodyear Tire & Rubber Co. plans to raise prices on consumer replacement tires in North America up to 6% to recover higher raw materials costs.
Goodyear, which has forecast a fourth-quarter operating loss for its North American Tire unit, said the increases would take effect Dec. 1.
The increases cover all consumer tire brands and will be Goodyear’s first in about a year, a spokesman said.
