Michelin to Increase Prices in Europe
Rising raw material costs have prompted Michelin to announce price increases for its passenger car, light commercial vehicle, truck and farm tyres in European markets. Car and light commercial tyre prices will rise by 3.5 per cent in most markets, however in the UK and CIS countries these increases will be 7 and 6 per cent respectively – this greater change, reports Michelin, is necessary to offset the negative impact of the local currencies compared to that of the euro.
Category: Product News