Goodyear hiking truck tire prices
AKRON-Goodyear is raising the price of its Goodyear brand medium truck tires by 4 percent, citing dramatic increases in raw material costs, primarily natural rubber. The price hike takes effect Oct. 15.
Natural rubber pricing has increased by 75 percent over the past year, said Ted Fick, vice president of Goodyear's commercial tire business in North America. ``Our continuing goal is to reduce costs for our customers through superior products and services, but these increases in raw materials must be recovered,'' he said.
Michelin said it is re-evaluating the U.S. new truck tire market, according to a spokesman, and a decision on prices will come in the near future. Others firms said they are not planning price increases.
A Bridgestone/Firestone spokeswoman said the firm is not raising prices at this time. Ditto for a Kumho spokesman, who noted his firm raised prices 3 percent three months ago. A Yokohama spokeswoman said no decision has been made yet.
Accord reached on repair data
WASHINGTON-The Automotive Service Association has reached agreement with the manufacturers of 35 different makes of cars on availability of vehicle repair and diagnostic information to independent repair shops.
In a letter to Sen. Byron Dorgan, D-N.D., the heads of ASA, the Alliance of Automobile Manufacturers and the Association of International Automobile Manufacturers certified that the car makers would make all such information available to independent repairers at a reasonable price by Aug. 31, 2003.
The agreement was the outcome of a pledge auto makers made before Sen. Dorgan's subcommittee to resolve their differences with independent repairers on this issue, the associations said.