CYPRESS. Calif. (Dec. 23, 2004) — Toyo Tire (U.S.A.) Corp. is raising prices on all of its tires by 4 percent effective Feb. 1.
The increases affect the company's passenger, light truck, medium truck and off-the-road tires, said Earl Knoper, vice president. He attributed the price hikes to the rising costs of doing business.
Toyo last raised prices June 1, when it boosted the price of its consumer and commercial tires by up to 4 percent.