RANCHO CUCAMONGA, Calif. (March 27, 2008) — Kumho Tire U.S.A. Inc. will increase tire prices up to 10 percent, depending on tire line and model, effective May 1.
Rick Brennan, Kumho's vice president of marketing, cited continuing price increases for raw materials and escalating transportation costs for the price hikes. The company last raised prices Feb. 1.