Michelin Increasing Tire Prices 8%

Michelin North America will increase prices up to 8% for its passenger, heavy-truck, earthmover, industrial-handling, agriculture and two-wheel segments across all of the company's brands in the United States, Canada and Mexico. The increase will be implemented separately by individual segments; customers will be notified directly with specific details. This increase represents Michelin's first since 2012, comprising net effects of raw material prices, as well as the company's market-leading technology enhancements, innovations and other market conditions.