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May 5, 2008

Continental Tire announces price increase

Charlotte, North Carolina – Continental Tire North America Inc. has announced price increases of up to nine per cent on all Continental, General Tire and proprietary brand passenger and light truck tires in Canada and the United States.

The price increase will vary by market line and/or the tire size.

“This price increase is a result of the escalation of transportation, energy and raw material costs,” said Andreas Gerstenberger, Executive Vice President, PLT Replacement Marketing & Sales. He also said that the increase is effective as of June 1, 2008 for Canada and July 1, 2008 for the United States.

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